HYPE, the native token of the Hyperliquid layer-1 blockchain and decentralized trading platform, reached a new all-time high above $90 on Friday following the rollout of manual borrowing on the network. Hyperliquid announced that users now have the ability to supply HYPE and Bitcoin as collateral to borrow stablecoins USDC and Tether’s USDt (USDT). This update allows users to access borrowed funds directly, expanding options beyond the platform’s existing portfolio margin system.