Hyperliquid’s native HYPE token reached a record high of $90.92 after the decentralized trading platform introduced manual borrowing, allowing users to borrow stablecoins against HYPE and Bitcoin collateral.
HYPE Reaches New Record
The token’s move above $90 followed the launch of the new borrowing feature on Hyperliquid. The record marks a notable price milestone for HYPE as the platform expands its collateralized borrowing capabilities.
Manual Borrowing Goes Live
Under the new system, users can manually borrow stablecoins by pledging HYPE or Bitcoin as collateral. The feature adds another lending-related function to Hyperliquid’s ecosystem and gives users access to stablecoin liquidity without selling their underlying assets.