HYPE hits record above $90 as Hyperliquid launches manual borrowing
HYPE hit a record $90.92 after Hyperliquid opened manual borrowing, letting users borrow stablecoins against HYPE and Bitcoin collateral.
Hyperliquid has launched manual borrowing, causing HYPE to hit a record high of $90.92. The protocol's layer-1 blockchain and decentralized trading platform, native to HYPE, allowed users to supply HYPE and Bitcoin as collateral to borrow stablecoins USDC and USDT. Jeff Yan, co-founder of Hyperliquid, revealed that manual borrows are now operational, with assets borrowed directly from suppliers instead of being created through platform-level margin accounting.
Hyperliquid reported $269 million in assets borrowed on Friday, and the feature's rollout follows Payward's announcement of onchain perpetual futures markets for US clients, starting with Hyperliquid's HIP-3 markets.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
