Crypto Bull Market Ahead: Hyperliquid and Robinhood to Fuel Growth

Bitwise Chief Investment Officer Matt Hougan believes that the next crypto bull market will be driven by revenue-generating platforms and traditional finance integrations, rather than speculation. He points to two specific catalysts: Hyperliquid and Robinhood.

Hougan notes that Hyperliquid has surged 146% in 2026 and is on track for $800 million in annual revenue. The platform channels 99% of its revenue into buying back its own token, HYPE, reducing supply and supporting the price. This strategy has worked, with HYPE up roughly 146% this year.

Roger also flags Uniswap, Aave, and Morpho as protocols moving toward similar revenue-linked token models. He adds that Robinhood Chain's launch on July 1 has pulled in $300 million in deposits within two weeks, with users able to access decentralized finance apps through the platform.