[Official Referral] You can join Based via this referral link (YMB66537). Use is optional but may provide bonuses within the official points program.

Project Overview

Based is building the “SuperApp” for crypto on the Hyperliquid decentralized exchange. On February 23, 2026, it announced an $11.5 million Series A funding round led by Pantera Capital.

More than just a DEX frontend, Based integrates Perps, prediction markets, spot trading, and real-world spending (via Visa cards) into a single mobile and web experience. It aims to become the default financial app for on-chain users as the most vital consumer layer of the Hyperliquid ecosystem.

Recent Milestones (As of Feb 2026)

MAU: 30k+ Monthly Active Users
Total Volume: Over $39B across Mobile and Web
HyENA (HIP-3): $1.5B in trading volume and $50M in Open Interest on its proprietary protocol
Card Spending: Over $20M in real-world transactions via crypto debit cards

Key Features & Advantages

Integrated SuperApp: Seamlessly combine trading, predicting, and spending.
Dominant Market Share: Accounts for a massive portion of Hyperliquid’s Perp volume as the ecosystem’s largest frontend.
Elite Backing: Supported by top-tier VCs including Pantera, Coinbase Ventures, and Wintermute.
AI-Driven Commerce: Future plans include integrating AI agentic commerce to bridge on and off-chain worlds.

Airdrop Potential & Campaigns

The launch of the $BASED token is highly anticipated, with community sentiment suggesting a Q1 2026 window.

Currently, Based Season 3 “Diamonds” Campaign (Phase 2) is live until May 4, 2026.

Earn Diamonds (points) by trading, using prediction markets, or spending via the card.
10% Referral bonus remains active.

How to Participate

Visit Platform: Access the Based Official Site.
Connect Wallet: Connect your wallet to the Hyperliquid network.
Earn Diamonds: Engage in trading or prediction markets to build your standings.

Risks & Considerations

Dependent on Hyperliquid L1 infrastructure. Smart contract risks apply. Monitor FDV expectations following the recent VC round. (DYOR)

Airdrop Simulator

We have launched the Based Airdrop Simulator. Estimate your potential rewards by inputting your points and expected FDV.