Hyperliquid Users Borrow $269 Million Against HYPE on Day One
- —Borrowing against HYPE hit $269 million on day one
- —The lending feature launched on Hyperliquid
- —HYPE serves as collateral for the loans
Why it matters: Rising borrowing against HYPE boosts token demand but raises liquidation risks if the price falls.
Source: Google News (crypto query)
More on this
Exchanges · 16:40BitForex founder Garrett Jin withdraws $150M USDC from Hyperliquid to Binance
Markets · 16:01Hyperliquid hits new all-time high, but ETF outflows and Multicoin transfers raise red flags
Exchanges · 16:00Binance Lists HYPE as Record $18B Open Interest and $90M Unstaking Test Momentum