Hyperliquid News: HYPE Tests New Highs Following Loans Going Live

In Hyperliquid news, HYPE is at $91.19, down a modest -1% today, just $3 off the record high it printed earlier this week. Not bad for a token that was under $80 a week ago.

Hyperliquid’s new Manual Borrows feature went live September 18, letting users post HYPE or Bitcoin as collateral to draw USDC and USDT loans directly on HyperCore infrastructure. Total borrowed assets already sit at $269M.

HYPE holders can borrow against their tokens at up to 65% LTV with an 82.5% liquidation threshold. Bitcoin collateral caps at 50% LTV with a 75% threshold.

Hyperliquid keeps 10% of interest paid as a liquidation reserve, passing the rest to suppliers, a fairly standard money-market split, but one that instantly deepened HYPE’s on-chain utility.The launch coincided with a 13%+ single-day rally to a $90.92 all-time high, alongside a +75% jump in trading volume.