Based offers a composable Web3 consumer application that combines perpetuals trading, prediction markets, and real-world crypto spending—including a live crypto card—into one interface built on Hyperliquid-native foundations. The platform also provides modular on-chain infrastructure that partners can customize and deploy in their own products. Launched just eight months ago, Based has already attracted more than 100,000 registered users and 30,000 monthly active users across five regions, generating roughly $40 billion in cumulative trading volume. Beyond its consumer app, the company powers external venues such as HyENA, a Hyperliquid-native perpetuals exchange that has handled over $1.5 billion in volume within a few months of launch. With fresh capital in hand, Based plans to accelerate its global expansion and continue building out its on-chain financial infrastructure. The company’s ability to serve both end users and B2B partners positions it to capture multiple segments of the growing crypto economy.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Feb 2026