{"id":6519,"date":"2026-06-05T05:14:53","date_gmt":"2026-06-05T05:14:53","guid":{"rendered":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/"},"modified":"2026-06-05T05:14:53","modified_gmt":"2026-06-05T05:14:53","slug":"le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2","status":"publish","type":"post","link":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/","title":{"rendered":"Le mod\u00e8le de valorisation HYPE utilise les rachats de revenus et les flux de tr\u00e9sorerie Onchain"},"content":{"rendered":"<p><em><strong>L&rsquo;\u00e9valuation HYPE utilise des rachats annualis\u00e9s de 591 millions de dollars, des donn\u00e9es sur les revenus et des flux de tr\u00e9sorerie Onchain, tandis que les actions tokenis\u00e9es ontvoisinent l&rsquo;offre de 1 milliard de dollars.<\/strong><\/em><\/p>\n<p><a href=\"https:\/\/www.livebitcoinnews.com\/hyperliquid-eyes-wall-street-scale-as-964k-revenue-still-trails-hype-rewards\/\"><span style=\"font-weight: 400\">Valorisation du HYPE<\/span><\/a><span style=\"font-weight: 400\">va au-del\u00e0 des multiples d\u2019offre de jetons alors qu\u2019Allium Research applique un mod\u00e8le de style actions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">L&rsquo;approche utilise les revenus d\u00e9clar\u00e9s, les donn\u00e9es de rachat r\u00e9elles et les flux de tr\u00e9sorerie Onchain. La soci\u00e9t\u00e9 a cit\u00e9 591 millions de dollars de rachats annualis\u00e9s et un rendement enti\u00e8rement dilu\u00e9 de pr\u00e8s de 24 % sur la capitalisation boursi\u00e8re actuelle.<\/span><\/p>\n<h2><b>Le mod\u00e8le de valorisation HYPE utilise les rachats de revenus et les flux de tr\u00e9sorerie Onchain<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Allium Research a d\u00e9clar\u00e9 que de nombreuses valorisations cryptographiques reposent sur des multiples bas\u00e9s sur l\u2019offre. La soci\u00e9t\u00e9 a d\u00e9clar\u00e9 que cette approche peut aboutir \u00e0 de nombreux r\u00e9sultats.<\/span><\/p>\n<p><span style=\"font-weight: 400\">C&rsquo;est<\/span><a href=\"https:\/\/www.livebitcoinnews.com\/phantom-leads-hyperliquid-builders-with-over-20m-in-revenue-from-program-so-far\/\"><span style=\"font-weight: 400\">Valorisation du HYPE<\/span><\/a><span style=\"font-weight: 400\">Le mod\u00e8le suit une m\u00e9thode diff\u00e9rente. Il examine l\u2019actif de la m\u00eame mani\u00e8re que les analystes boursiers utilisent pour les soci\u00e9t\u00e9s cot\u00e9es.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">La plupart des valorisations cryptographiques reposent sur des multiples appliqu\u00e9s \u00e0 l\u2019offre en circulation. Vous pouvez faire fonctionner presque n\u2019importe quel nombre.<\/p>\n<p>Nous avons adopt\u00e9 une approche diff\u00e9rente avec HYPE : le traiter comme le ferait un analyste actions. Construisez le DCF avec des revenus r\u00e9els, de vraies donn\u00e9es de rachat et de vrais flux de tr\u00e9sorerie en cha\u00eene.<\/p>\n<p>591 millions de dollars en\u2026<a href=\"https:\/\/t.co\/gvHoooCtZL\">pic.twitter.com\/gvHoooCtZL<\/a><\/p>\n<p>\u2013 Allium (@AlliumLabs)<a href=\"https:\/\/x.com\/AlliumLabs\/status\/2062565090105401691?ref_src=twsrc%5Etfw\">4 juin 2026<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Le mod\u00e8le utilise les revenus d\u00e9clar\u00e9s, les donn\u00e9es de rachat et les flux de tr\u00e9sorerie Onchain. Allium Research a d\u00e9clar\u00e9 que HYPE disposait de 591 millions de dollars de rachats annualis\u00e9s.<\/span><\/p>\n<p><span style=\"font-weight: 400\">La soci\u00e9t\u00e9 a \u00e9galement cit\u00e9 un rendement enti\u00e8rement dilu\u00e9 de pr\u00e8s de 24 % sur la capitalisation boursi\u00e8re actuelle. \u00ab\u00a0La m\u00e9thodologie est reproductible\u00a0\u00bb, a d\u00e9clar\u00e9 Allium Research.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Le mod\u00e8le place les rachats au centre de l\u2019examen. Il relie \u00e9galement la valorisation aux liquidit\u00e9s circulant \u00e0 travers le r\u00e9seau.<\/span><\/p>\n<h2><b>Les actions tokenis\u00e9es se d\u00e9veloppent sur les march\u00e9s Onchain<\/b><\/h2>\n<p><a href=\"https:\/\/www.allium.so\/reports\/allium-tokenized-equities-report-q1-2026\"><span style=\"font-weight: 400\">Recherche sur les alliums<\/span><\/a><span style=\"font-weight: 400\">a \u00e9galement publi\u00e9 un rapport sur les actions tokenis\u00e9es. Le rapport indique que l\u2019offre d\u2019actions symboliques a atteint environ 1 milliard de dollars.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Le march\u00e9 s\u2019est d\u00e9velopp\u00e9 depuis le d\u00e9but des lancements \u00e0 la mi-2025. Le rapport \u00e9tudie les actions tokenis\u00e9es, les plates-formes de n\u00e9gociation, la liquidit\u00e9 et les utilisateurs mondiaux.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Elton Shehdula, responsable de la recherche chez Allium, est l&rsquo;auteur du rapport. Il cible les plateformes fintech, les bourses, les investisseurs institutionnels et les b\u00e2tisseurs de march\u00e9.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Le rapport nomme Ondo, Backed xStocks et Securitize parmi les principaux \u00e9metteurs. Il passe \u00e9galement en revue les mod\u00e8les directs, indirects et natifs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Allium Research a d\u00e9clar\u00e9 que ces structures fa\u00e7onnent l&rsquo;acc\u00e8s et la conception commerciale. Ils affectent \u00e9galement la mani\u00e8re dont les investisseurs utilisent les produits d\u2019actions tokenis\u00e9s.<\/span><\/p>\n<p><em><strong>Lire aussi :<\/strong><\/em><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"JDMFr9QmNi\">\n<p><a href=\"https:\/\/www.livebitcoinnews.com\/arthur-hayes-sells-hype-and-near-warns-market-may-peak-before-september\/\">Arthur Hayes vend HYPE et NEAR et pr\u00e9vient que le march\u00e9 pourrait culminer avant septembre<\/a><\/p>\n<\/blockquote>\n<h2><b>La liquidit\u00e9 et les \u00e9carts de prix restent des domaines cl\u00e9s<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Le rapport suit l&rsquo;activit\u00e9 sur les \u00e9changes centralis\u00e9s et d\u00e9centralis\u00e9s. Il examine o\u00f9<\/span><a href=\"https:\/\/www.livebitcoinnews.com\/hype-hits-new-all-time-high-as-trader-turns-42m-profits-into-loss\/\"><span style=\"font-weight: 400\">actions tokenis\u00e9es<\/span><\/a><span style=\"font-weight: 400\">la liquidit\u00e9 se situe et comment les \u00e9changes changent selon le lieu.<\/span><\/p>\n<p><span style=\"font-weight: 400\">La liquidit\u00e9 reste importante car l\u2019\u00e9troitesse des march\u00e9s peut cr\u00e9er des \u00e9carts de prix. Les prix des actions tokenis\u00e9es peuvent diff\u00e9rer de ceux des actions traditionnelles pendant les p\u00e9riodes de faible volume.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Le rapport passe \u00e9galement en revue les \u00e9changes apr\u00e8s la fermeture des march\u00e9s traditionnels. Les sites Onchain peuvent prendre en charge la d\u00e9couverte des prix du jour au lendemain, mais les donn\u00e9es d\u00e9pendent toujours de la liquidit\u00e9.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Allium Research a d\u00e9clar\u00e9 qu&rsquo;environ 90 % du volume des actions tokenis\u00e9es provient de l&rsquo;ext\u00e9rieur des \u00c9tats-Unis. Le rapport relie ce partage \u00e0 l\u2019acc\u00e8s et \u00e0 la demande mondiale.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Les r\u00e9sultats placent le HYPE et les actions tokenis\u00e9es dans un changement plus large du march\u00e9. Des flux de tr\u00e9sorerie,<a href=\"https:\/\/www.investopedia.com\/terms\/b\/buyback.asp\">rachats<\/a>, et les donn\u00e9es commerciales deviennent des \u00e9l\u00e9ments de valorisation centraux.<\/span><\/p>\n<p><!-- source_url: https:\/\/www.livebitcoinnews.com\/hype-valuation-model-uses-revenue-buybacks-and-onchain-cash-flow\/ --><\/p>\n<p><em>Source : <a href=\"https:\/\/www.livebitcoinnews.com\/hype-valuation-model-uses-revenue-buybacks-and-onchain-cash-flow\/\" rel=\"nofollow noopener\" target=\"_blank\">Live Bitcoin News<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>L&rsquo;\u00e9valuation HYPE utilise des rachats annualis\u00e9s de 591 millions de dollars, des donn\u00e9es sur les revenus et des flux de tr\u00e9sorerie Onchain, tandis que les actions tokenis\u00e9es ontvoisinent l&rsquo;offre de 1 milliard de dollars. Valorisation du HYPEva au-del\u00e0 des multiples d\u2019offre de jetons alors qu\u2019Allium Research applique un mod\u00e8le de style actions. L&rsquo;approche utilise les [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":6518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-6519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Le mod\u00e8le de valorisation HYPE utilise les rachats de revenus et les flux de tr\u00e9sorerie Onchain - France Live Bitcoin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Le mod\u00e8le de valorisation HYPE utilise les rachats de revenus et les flux de tr\u00e9sorerie Onchain - France Live Bitcoin News\" \/>\n<meta property=\"og:description\" content=\"L&rsquo;\u00e9valuation HYPE utilise des rachats annualis\u00e9s de 591 millions de dollars, des donn\u00e9es sur les revenus et des flux de tr\u00e9sorerie Onchain, tandis que les actions tokenis\u00e9es ontvoisinent l&rsquo;offre de 1 milliard de dollars. Valorisation du HYPEva au-del\u00e0 des multiples d\u2019offre de jetons alors qu\u2019Allium Research applique un mod\u00e8le de style actions. 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France Live Bitcoin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/","og_locale":"fr_FR","og_type":"article","og_title":"Le mod\u00e8le de valorisation HYPE utilise les rachats de revenus et les flux de tr\u00e9sorerie Onchain - France Live Bitcoin News","og_description":"L&rsquo;\u00e9valuation HYPE utilise des rachats annualis\u00e9s de 591 millions de dollars, des donn\u00e9es sur les revenus et des flux de tr\u00e9sorerie Onchain, tandis que les actions tokenis\u00e9es ontvoisinent l&rsquo;offre de 1 milliard de dollars. Valorisation du HYPEva au-del\u00e0 des multiples d\u2019offre de jetons alors qu\u2019Allium Research applique un mod\u00e8le de style actions. L&rsquo;approche utilise les [&hellip;]","og_url":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/","og_site_name":"France Live Bitcoin News","article_published_time":"2026-06-05T05:14:53+00:00","author":"frenchlbn","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"frenchlbn","Dur\u00e9e de lecture estim\u00e9e":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/#article","isPartOf":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/"},"author":{"name":"frenchlbn","@id":"https:\/\/global.livebitcoinnews.com\/fr\/#\/schema\/person\/cf8f1f85189588768e507a2eb234cba8"},"headline":"Le mod\u00e8le de valorisation HYPE utilise les rachats de revenus et les flux de tr\u00e9sorerie Onchain","datePublished":"2026-06-05T05:14:53+00:00","mainEntityOfPage":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/"},"wordCount":757,"commentCount":0,"image":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/#primaryimage"},"thumbnailUrl":"https:\/\/global.livebitcoinnews.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/Bitwise-Files-to-Launch-Hyperliquid-HYPE-ETF-1-3.png","articleSection":["Altcoin News"],"inLanguage":"fr-FR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/","url":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/05\/le-modele-de-valorisation-hype-utilise-les-rachats-de-revenus-et-les-flux-de-tresorerie-onchain-2\/","name":"Le mod\u00e8le de valorisation HYPE utilise les rachats de revenus et les flux de tr\u00e9sorerie Onchain - 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