Hyperliquid, a decentralized exchange, has achieved a record-breaking $29 billion in trading volume and $7.7 million in fees in a single day, setting new all-time highs. This surge has propelled the value of HYPE, its native token, by 10% over the past 24 hours. Recent upgrades and institutional developments, such as Anchorage Digital Bank's custody service for HYPE, have contributed to this momentum. The exchange's performance aligns with market expectations of an altseason, driving increased platform activity.