HYPE Token Surges Past $90 as Hyperliquid Expands Lending Capabilities
Hyperliquid's HYPE token has reached a new all-time high price of $90, surpassing its previous record of $89.66. This milestone comes on the heels of the platform's expansion into lending with manual borrows, which allows users to borrow USDC and USDT against their HYPE or Bitcoin holdings.
The Hyperliquid team has been working on this new feature, which is part of a broader design philosophy that focuses on isolating borrowing risk while providing builders with infrastructure to create new on-chain financial applications. Portfolio margin and manual borrows share the same underlying HyperCore infrastructure.
According to market data, the HYPE token has seen significant growth, with its value climbing towards $20 billion in market capitalization. The 24-hour trading volume for HYPE has exceeded $1 billion, solidifying its position among larger crypto assets.