Based | Web3 SuperApp on Hyperliquid — Trading, Prediction Markets & Payments in One
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Table of Contents
Based is a Web3 Consumer SuperApp built on Hyperliquid L1. Going beyond perpetual trading, it integrates prediction markets, a Visa debit card, and even live streaming — serving over 100,000 users. This article covers Based's features and airdrop strategies.
Project Overview
| Item | Details |
|---|---|
| Chain | Hyperliquid L1 |
| Category | Web3 SuperApp (DEX / Prediction Markets / Payments) |
| Stage | Mainnet |
| Funding | Series A $11.5M (led by Pantera Capital) |
Based is a crypto SuperApp built on Hyperliquid's high-performance infrastructure (HyperBFT, 200K orders/sec). In addition to perpetual and spot trading, it integrates Polymarket-powered prediction markets, a Visa-linked debit card, and a live streaming platform (Based Streams) — consolidating diverse financial services into a single platform. Within just 8 months of launch, Based surpassed $40B in cumulative trading volume and ranked #1 in builder revenue within the Hyperliquid ecosystem ($7.63M+, surpassing Phantom).
Key Features & Strengths
- SuperApp Integration: Perpetual trading, prediction markets, Visa debit card, and streaming — all in one app. Delivers CEX-level UX with a self-custodial wallet
- Impressive Growth: 100K+ registered users, 30K MAU, $40B cumulative trading volume, ~$14M in revenue
- Advanced Trading Tools: Chase Orders, time-based limit orders, TWAP, DCA automation, real-time alerts, and other pro-grade order algorithms
- Multi-Platform: Trade across Web, Mobile (iOS/Android), and Desktop. Desktop version is 30% faster than browser
Main Features & Services
- Perpetual & Spot Trading: Supports 100+ assets with up to 3–40x leverage. Follows Hyperliquid's liquidation engine and fee structure
- Prediction Markets (Polymarket Integration): Access Polymarket-powered prediction markets on Hyperliquid. Based has become one of Polymarket's top builders
- Visa Debit Card: Compatible with Apple Pay/Google Pay, usable at 70M+ merchants across 160 countries. Earn Points with every card purchase
- Based Streams: A DEX-integrated live streaming platform (launched October 2025). Supports tipping and subscriptions with HYPE tokens
- HyENA: A perpetual DEX dedicated to Ethena USDe, built with Based's tech stack (over $1.5B in trading volume). Offers its core stack to third parties via a modular architecture
Airdrop & How to Participate
Based operates a dual reward system where users earn XP and Points through trading and various activities. The $BASED Token Generation Event (TGE) is planned for March 2026, with accumulated XP/Points expected to convert into tokens.
On March 10, 2026, the airdrop checker was announced. You can verify your eligibility at this link.
XP/Points System
- XP: Earned through trading (Perpetual: 0.06 XP/$, Spot: 0.30 XP/$). Up to 60% boost with $PUP token holdings
- Points: Earned through Visa debit card usage
- Season 2: Season 2 has ended. Additional rewards included Blind Boxes, NFTs, and prizes
- Season 3: Running since February 12, 2026, continuing through May 2026
Flow Battle Season 1 Results: Held from September 6–16, 2025, with 2,650+ participants and over $2.7B in trading volume.
How to Get Started
- Click here to connect your wallet and create an account (a referral code is required to receive 2,000 XP)
- If the referral code field is empty, enter "CANDYDROPS"
- Trade on spot or perpetual markets to earn Based XP and Hyperliquid Points simultaneously
- Issue a Visa debit card to also earn Points
Affiliate Program
Based offers a 3-tier affiliate program that lets you earn semi-permanent revenue from your entire referral network.
- Tier 1 (Direct Referrals): 60% of fees
- Tier 2 (Referrals of Referrals): 12% of fees
- Tier 3 (Third Level): 4% of fees
Earn up to 76% total from your entire network. Generating a referral link requires 5,000 XP. Users who sign up through your link instantly receive 2,000 XP, creating a win-win for both parties.
👉 Join Now and Start Earning XP
Funding & Investors
In February 2026, Based completed a $11.5M Series A funding round (~¥1.7 billion).
| Item | Details |
|---|---|
| Round | Series A |
| Amount | $11.5M |
| Lead Investor | Pantera Capital |
| Participants | Coinbase Ventures, Wintermute Ventures, Karatage |
| Existing Backers | Spartan Group, Delphi Ventures, Hashed |
Future Outlook & Roadmap
- $BASED Token TGE: Planned for March 2026. XP/Points will convert to tokens at TGE
- AI Agentic Commerce: Developing an AI personal finance agent spanning prediction markets, perpetuals, and payments for Q2 2026
- HIP-4 Support: Planned support for Hyperliquid's prediction market and options-type derivatives
- Vertical Expansion: Plans to explore at least 4 new verticals in 2026
Related Links
- 🌐 Official Website: based.one
- 🐦 X (formerly Twitter): @BasedOneX
- 📄 Documentation: Based Docs
Summary
- Based is a Web3 SuperApp on Hyperliquid that integrates trading, prediction markets, payments, and streaming — used by over 100K users
- Completed a $11.5M Series A (led by Pantera Capital) to accelerate development
- Now is the time to accumulate XP/Points ahead of the $BASED token TGE (planned March 2026)
Disclaimer
- ・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
- ・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
- ・We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.
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