HYPE hits record above $90 as Hyperliquid launches manual borrowing
Summary
HYPE, the native token of Hyperliquid, hit a new all-time high above $90, reaching $90.92 after the platform launched manual borrowing. Users can now deposit HYPE or Bitcoin as collateral to borrow USDC or USDT. Hyperliquid said the feature runs on the same HyperCore infrastructure as its portfolio-margin system, and borrowed assets come from suppliers rather than being created through platform-level margin accounting. The protocol reported $269 million in assets borrowed across the underlying infrastructure on Friday.
