Hyperliquid is testing a new BorrowLendingProtocol (BLP) on its Hypercore testnet, allowing users to borrow, supply, and withdraw assets such as USDC and PURR on-chain. This move marks Hyperliquid's strategic expansion into native credit markets. The platform recently reported $303 billion in trading volume and $7.2 billion in open interest for October, highlighting its growing influence in the crypto space.