Hyperliquid Tests BLP Protocol on Hypercore Testnet – Impact on HYPE Token & DeFi Landscape

Hyperliquid is testing its BorrowLendingProtocol (BLP) on the Hypercore testnet, a move that could significantly shift its trading model. User MLM first reported this development on X (formerly Twitter) on November 9, 2025. This protocol, if successful, may enable native lending and margin trading with USDC and PURR pairs, expanding beyond its current decentralized exchange (DEX) model. 7% growth in the HYPE token was observed following the announcement, reflecting investor confidence in this expansion strategy.