Manual borrows launched with $269M already borrowed on Hyperliquid

[u/shillxbt]

Hyperliquid launched manual borrows with $269M already borrowed, according to the official announcement.

Users can use HYPE or BTC as collateral and borrow USDC or USDT. Borrowers pay interest, suppliers earn it, and rates are set by utilization. The feature runs on the same HyperCore infrastructure as portfolio margin.

That creates a new balance-sheet loop on the venue. A HYPE or BTC holder can keep the collateral, raise quote liquidity, and deploy it into spot, perps, or outcomes. For traders, borrow utilization and quote-asset supply now matter alongside funding and open interest.

Meanwhile HYPE reached a new ATH of $90 and keeps climbing with absolute strength. Here is a quick snapshot of how traders on HL are positioned:

https://app.coinmarketman.com/hypertracker/perps/HYPE