$HYPE
Hyperliquid dropped native lending on September 18th, family

​$269M borrowed in proper 24 hours, absolute madness! Compare that to Aave v3 on Arbitrum—that was just tens of millions, not hundreds, innit?

​HYPE touched its all-time high of $92.56 same day, pure rocket

​Here’s how the mechanism works: Lock up your HYPE or BTC, then bag USDC or USDT directly, simple as

​LTV on HYPE is 65%, for BTC it’s 50%. Built as its own proper primitive, not just slapped onto margin accounts

​$400M liquidity was already sitting right there, no cold start needed

​In one single day, Hyperliquid’s L1 TVL basically caught up to Arbitrum—both round $1.39B. Platform-wide TVL sitting at $7.095B, heavy stuff

$BTC

​But the risk devs are calling out: circular borrowing, bruv. Use HYPE as collateral, borrow stables, pump more HYPE

Moves the rally fast, but the dump gonna hit hard too

​Only 25 validators securing all these bags. Proper tiny compared to Ethereum’s decentralisation

​Long story short: fastest cold start in DeFi lending history, but the tech is still trying to catch up to all this liquidity, man

$ETH
#Hyperliquid #Market_Update #CryptocurrencyWealth