Hyperliquid’s revenue multiple is 13.4x, with $100M in 30-day revenue (annualized to $1.2B) and a $16.03B market cap at $48 per HYPE (333.9M supply). Solana’s multiple is 91.7x, with $87.0M monthly revenue (annualized to $1.044B) and a $106B market cap at $197 per SOL. Ethereum’s multiple is 1033.5x, with $45M monthly revenue (annualized to $540M) and a $558.08B market cap at $4,636 per ETH (120.4M supply). Tron’s multiple is 51.0x, with $58.8M monthly revenue (annualized to $705.6M) and a $34B market cap at $0.35 per TRX. If Hyperliquid matched Solana’s 91.7x multiple, its market cap would be $1.2B × 91.7 = $110.04B, implying HYPE at $329.48. Matching Ethereum’s 1033.5x multiple, HYPE would be $3,714.60. Matching Tron’s 51.0x multiple, HYPE would be $183.18. You know how many non-profitable tech companies already driven by astronomical multiples way above 13x? oml