Based
BASED
A Web3 app for trading, prediction markets, and crypto card
Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.02% | 1.15% | 7.55% | 11.43% | 21.36% | 70.66% |
Comparison
Fundraising not disclosed
Token not listed
Token not listed
Details
This content is generated by RD AI and is for reference only
Based is a Web3 super app that integrates Hyperliquid perpetual trading, opinion prediction markets, and a crypto Visa card. They can also apply for a Visa card that automatically converts crypto to fiat for daily spending. Under the hood, it connects to Hyperliquid's trading infrastructure, uses the OFT standard for cross-chain tokens, and manages cards via smart contracts. It provides a unified entry point for crypto trading and spending.
Tokenomics
Top Holders
Follow Updates
Follow Lists
People
About Based
Based is a crypto trading and spending platform built on Hyperliquid, offering perpetual and spot trading, prediction markets, and a Visa card for real-world spending, all within a self-custodial wallet.
Its core value is integrating trading, prediction, and spending into one account, solving the pain point of users having to switch between multiple platforms and manage fragmented funds. It leverages Hyperliquid's order book liquidity and adds prediction markets and card payments, aiming to create a one-stop 'super app' for crypto.
In the past six months (Feb-Aug 2026), Based has focused on product refinement and expanding its user base, reaching over 100,000 users and $41 billion in cumulative trading volume. However, notable negative developments include its exit from the Singapore market in September 2025, discontinuing its Visa card service there and withdrawing its MAS license application, as well as earlier removal of investment features like the XSGD earn program. These moves reflect a strategic shift toward self-custodial wallet software and international expansion outside Singapore.
Based, a Web3 trading and payment platform built on Hyperliquid, has reached several milestones with long-term significance.
In February 2026, Based announced the token economics of its native token BASED, with a total supply of 1 billion. The allocation includes 36% for the community, 23.64% for ecosystem and community rewards, 20.36% for investors, and 20% for core contributors. Notably, 23.5% of the community portion is claimable in March 2026 with no lock-up, while 7.5% goes to the Ethena community and 5% is reserved for Season 3 participants. This marks a key step in aligning incentives and decentralizing the ecosystem.
Prior to this, Based secured $11.5 million in Series A funding led by Pantera Capital in February 2026, following a $4 million strategic round from Ethena in September 2025 and an earlier $2.7 million round. This financial backing underscores investor confidence in its vision of integrating trading, prediction markets, and crypto card payments into a super app.
Since its launch, Based has achieved over $39 billion in cumulative trading volume, 100,000 registered users, and $20 million in card spending within eight months, demonstrating strong product-market fit and laying a foundation for sustainable growth.
Based on the provided information, the co-founders and core executives of Based are:
- Edison Lim: Co-founder and CEO. Previously led engineering at Zilliqa and Alta Exchange. Background in information security from Carnegie Mellon University.
- Zac L.: Co-founder. Also known as Zlace.hl (CTO per some sources). Previously worked at Lazada Group and RedMart as a senior software engineer.
- Jun Hao Lim: COO. Previously held roles at Suberra as COO and Head of Operations/Business Development.
Note: The Twitter handle @Zlace0x appears to correspond to Edison Lim, but the role of CTO is attributed to Zac L. in some references. All three are based in Singapore.