Total HYPE borrowed has reached an all-time high of 4.72 million HYPE ($190 million).
This surge in borrowing demand shows the growing on-chain activity and the role HyperLend’s markets are playing as a core liquidity layer for $HYPE.
Many participants recognized the early opportunity of low borrow rates combined with high available liquidity, an edge that’s now been fully realized. The borrow rate has risen to 3%, being close with the staking yield on the supply side.
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