Hyperliquid Token Hype Surges Past $90 with Manual Borrowing Launch

Hype, the native token of Hyperliquid exchange, has hit an all-time high above $90. This milestone coincided with the launch of manual borrowing on the platform.

The new feature allows traders to borrow directly against their existing positions without closing out a trade, giving them access to liquidity without relying solely on the exchange's margin mechanics.

Hype has been gaining traction over the past two years as one of the largest decentralized perpetuals exchanges by trading volume. Unlike its competitors, Hyperliquid runs its own purpose-built blockchain, enabling faster execution and lower fees.

The token's value proposition comes from the exchange's fee structure, which directs a portion of trading revenue toward buying back and burning Hype tokens, reducing the circulating supply over time.