HYPE Shatters All-Time High Above $90 as Hyperliquid Activates Manual Borrowing

Hyperliquid's native token HYPE has set an all-time high above $90 after the platform activated its manual borrowing feature. Users can now supply HYPE and Bitcoin as collateral to borrow USDC or Tether's USDT.

The new feature lets users access borrowing directly, rather than through the portfolio margin system. According to Hyperliquid, every borrowed asset comes from a supplier, not platform-level margin accounting.

On Friday, $269 million in assets was borrowed across the underlying infrastructure. The launch coincided with a broader push to connect traders with onchain markets, and HYPE's price reacted strongly, reaching $90.92 before settling around $91.