Relay Testing with HYPERSIM allows for more advanced testing of relays using a simulator rather than traditional open-loop testing. A simulator provides closed-loop testing where the relay response feeds back into the simulation, allowing testing under critical conditions. It offers benefits like evaluating new protection algorithms, studying complex protection schemes, and analyzing interactions between real and virtual relays. Key features include detailed EMT analysis, automation of test sequences, and the ability to simulate faults, disturbances, and communications protocols like IEC 618450.