Hyperliquid Tests BorrowLendingProtocol on Hypercore Testnet

Hyperliquid is currently testing its new BorrowLendingProtocol (BLP) on the Hypercore testnet, a move that could significantly impact the DeFi ecosystem. The protocol supports USDC and PURR, key elements in facilitating financial transactions within the Hyperliquid network. This initiative, fueled by community analyst MLM’s observation of on-chain activity, aims to establish a native lending market within Hyperliquid’s platform, potentially expanding its DeFi capabilities.