HYPE Token Hits $90.92 Record as Hyperliquid Enables Borrowing

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HYPE Token Hits $90.92 Record as Hyperliquid Enables Borrowing — Image source: Unblock Media

Hyperliquid now lets users borrow stablecoins with HYPE or Bitcoin as collateral.
HYPE surged to $90.92 and first-day borrows totaled $269 million.

On September 18, 2026, The Block reported that Hyperliquid’s HYPE token hit an all-time high of $90.92 after the platform launched manual borrowing of stablecoins. The new feature allows users to borrow stablecoins such as USDC and USDT by providing HYPE or Bitcoin as collateral. Hyperliquid activated the integration on September 18, giving users broader access to liquidity.

Trading volume for HYPE jumped sharply after the feature went live, reflecting strong market engagement in the immediate aftermath. The volume surge coincided with increased participation across the entire Hyperliquid ecosystem. According to Blockonomi, total borrows reached $269 million on the first day, highlighting high user interest in the updated lending mechanism.

The launch of manual borrowing is seen as a significant innovation in decentralized finance, enhancing liquidity and enabling more flexible capital management for Hyperliquid users, The Block said. This development is expected to draw more user activity and foster the growth of DeFi applications built on the platform.

As of September 18, 2026, 16:09 UTC, Hyperliquid (HYPE) trades at $91.747 with a 24-hour trading volume change of 11.651%, according to market data.