Hyperliquid (HYPE) Price: HYPE Hits Record High After New Borrowing Feature Goes Live

HYPE reached a new all-time high of $92.56 on September 18 after Hyperliquid launched manual USDC and USDT borrowing using HYPE or Bitcoin as collateral. About $269 million was borrowed on the first day. HYPE carries a 65% loan-to-value ratio, compared with 50% for Bitcoin. Payward plans to offer regulated Hyperliquid perpetuals.