what's based?
Based is a cryptocurrency trading platform built on Hyperliquid, providing an omnichannel experience for users to trade perpetuals and other assets seamlessly across mobile apps for iOS and Android, a web terminal, and a Telegram trading bot. It emphasizes accessibility and community engagement, with features like Based Streams, the first Hyperliquid-powered live streaming platform that allows creators to host sessions, engage in live chat, and showcase trades in real-time while integrating donations via on-chain infrastructure. Based Cloud enables users to launch instances for building and generating revenue on Hyperliquid, positioning it as a tool for aspiring perp DEX creators. The platform has achieved significant milestones, such as ranking first in total builder revenue on Hyperliquid, highlighting its strong community alignment and growth in the DeFi trading space.
Based partnered with Nunchi, announced an airdrop, and has an active Genesis event.
Links
x.com/basedonexPartnered with Nunchi as announced by both teams.
Announced an airdrop.
Genesis Event is currently active or scheduled.
Privy features BasedOneX in Thursday's Wrapped event with live demos alongside notable Web3 projects including Zora and Farcaster.
HyENA reaches $130M in trading volume within four days of launch and fills $10M vault immediately, with BTC-USDE and ETH-USDE becoming top HIP-3 pairs by volume and open interest. No separate HyENA token will be issued.
The $BASED token is now listing on a pre-market platform.
HyENA perps exchange launches with trading pairs for HYPE, BTC, ETH, and SOL, offering 12% boosted APY on long positions held over 1 hour. The platform distributes 100M ENAx points weekly over 6 months (24 epochs) that convert to Ethena Season 5 points, with concurrent HyENA and Based points programs running simultaneously.
BasedOneX generates $20m+ annualized revenue according to DefiLlama data. HyENA launches HLPe vaults offering 70x Ethena points multiplier and targeting ~20%+ total APY, and pays for migration of open positions from other exchanges for the first two weeks.
New feature launches on Prediction Markets terminal allowing users to view top traders sorted by PnL, monitor real-time open positions, and review complete trade histories.
HyENA perps exchange launches tonight, built by BasedOneX and Ethena Labs teams on Hyperliquid HIP3, allowing users to trade perps while receiving USDe yield.
BasedOneX introduces yield farming feature with rewards in POLY, Based Gold, and Hyena points.
AMA session scheduled for December 11 at 1pm UTC (10pm KST) in the Based Community Discord to share updates as the year closes and to discuss 2026 plans.
Based becomes the #1 Polymarket builder ranked by weekly users within 20 days of launch.
Prediction market updates builder fee structure to make high-probability trades up to 14x cheaper, with fees now scaling as a variable percentage of expected payout rather than a flat 1% rate.
Based Prediction crosses $1,000,000 in annual recurring revenue (ARR) and announces a new BasedPalsNFT AI Trading Arena market launching soon on Polymarket.
USDe is now listed as a quote asset on Hyperliquid spot and HIP-3 Perpetual markets, accessible through the app and web terminal. This marks the first prerequisite step for hyenatrade mainnet deployment.
BasedOneX introduces streaming on Prediction feature.
Shubit joins as Head of Growth to lead communications, community efforts, and business outreach.
Based launches Hype Cards feature allowing users to accumulate Based card points through spending, available now on mobile app and website to mark $HYPE's one-year anniversary.
AI agent Elsa (Arbitrum-based) hits $10M volume with Elsa Foundation launch and $10K USDC weekly prize pool for top 100 app users. Wallchain campaign first epoch ends soon.
BasedOneX receives backing from Ethena Labs as an all-in-one trading terminal powered by Hyperliquid.
Based integrates Ventuals HIP-3 (vntl) protocol, enabling users to long/short Pre-IPO companies including SPACEX, OPENAI, and ANTHROPIC on its mobile app and web terminal.
Season 1 XP campaign qualifiers receive emails as early supporter benefits begin distribution.
Based generates roughly $11M in revenue in a few months as one of the top two performing apps on Hyperliquid, out of a total ecosystem revenue of over $45M.
BasedOneX integrates Privy for security protection on its mobile-first trading platform.
BasedOneX integrates with Hyperliquid.
BasedOneX commits 5-15% of future token supply to sENA holders as part of the Ethena ecosystem integration.
BasedOneX card launches 5% cashback program soon.
@defiapp Android app launches officially with time-limited early adopter bonuses for first few thousand users who swap. A $1M trading contest for volume and PnL runs until January 1st, 2026, with top 500 traders eligible and includes $HOME token unlock benefits.
Polymarket partners with Based.
USDT and USDe deposits now cost 0.05% fee, representing a 5x reduction in deposit costs, while USDC deposits from Arbitrum remain free at 1:1.
The trading terminal integrates Polymarket for prediction markets functionality.
Based launches AI Trading NFTs on Hyperliquid with a $50K competition.
New sENA pool dated February 5, 2026 features tiered multipliers, with Based tier receiving 3X multiplier and Sats tier receiving 40X multiplier.
BasedOneX ranks first among builder code projects for volume and fees, recording $243.19M volume and $72K fees in the past 24 hours.
Based now offers TSLA-USDH trading pair powered by Felix Protocol integration. BasedOneX ranks #2 among Hyperliquid builder code projects with 28.9k all-time users.
Starting today, sENA earns BasedOneX Points as the project integrates with Ethena's Hyperliquid expansion and discloses mid-8 figures in annualized revenue.
Partnership or collaboration established with Polymarket, a prediction markets platform.
The project launches a Chinese Telegram community group for Mandarin-speaking users as part of its global community expansion.
Official domain migration is complete, with the project now emphasizing its role as a comprehensive finance ecosystem and platform.
Based launches a new Telegram group for the Korean community and schedules an AMA for November 5 at 10 PM KST to share project updates.
Team confirms active development on HyENA, BasedPal NFTs, Agentic Trading Infrastructure, and resuming Visa card signups, with detailed updates planned for the next few days.
Hyperliquid (@Hyperliquidita) joins the Based ecosystem with an open invitation for community collaboration opportunities.
A livestream event on BasedStream takes place on October 29 at 6 PM UTC during FOMC, featuring live trades with $10k and a giveaway of 100,000 Based Gold.
Grid bot becomes available on the mini App Store as an additional MiniApp for automated trading.
75% of traders on BasedOneX are profitable in the last 24 hours according to CMMHyperTracker data.
Based Terminals launches MiniApps feature accessible through a sidebar, providing traders access to on-chain data, real-time news, AI agents, and astrology insights in one interface with additional MiniApps planned for future rollout.
New feature launches enabling native yield on margin collateral for traders. BasedOneX and HyenaTrade are among perp exchanges building on $USDe to access yield features.
Season 2 of the points program rewards Based Gold with medium-hard farming difficulty. A trader exits points farming positions citing late product lifecycle stage and saturated daily active users compared to earlier-stage competitors.
BasedOneX credit cards are relaunching with Hyperliquid (HL) integration to simplify the spending experience for users.
Based generates $35m in annualized revenue, ranking 2nd among builder codes by revenue behind Phantom at $55m.
24 million of the volume on US equities trading on Hyperliquid is processed through the platform.
Integration with tradeperps launches, making BasedOneX available for trading on the tradeperps platform.
BasedOneX launches Based Streams, a new product offering on the platform.
The platform is backed by Spartan and Hashed, and users earn ecosystem airdrops in addition to points rewards.
BasedOneX has temporarily stopped issuing cards, with users waiting for the card issuance program to resume.
Partnership or collaboration with Ethena announced at The Reserve Hour event during Token2049 Singapore.
BasedOneX is mentioned at KBW conference as a perpetual DEX being actively farmed with discussions about potential airdrop opportunities.
The project was previously named Suberra and faced acquisition discussions this year, but founder Edison chose to launch on Hyperliquid instead of accepting buyout offers. Newman was an early investor from several years ago when the project was pivoting away from the Terra ecosystem.
A team member's Discord account has been compromised and a fraudulent basedone .live website is being used to scam users.
Based launches Basedpad, a zero-fee launchpad offering whitelist access for loyal supporters.
The platform surpasses $386k in builder fees with $5.7M+ all-time, outperforming competitor Phantom which has $66k+ current and $5.6M+ all-time builder fees.
A Coinbase Pay integration is being previewed that will allow users to top-up funds into the platform.
Early supporters receive $PUP token rewards that have generated 80x returns, representing a significant performance milestone for the affiliate reward system.
The platform integrates Revolut deposits and is expanding fiat banking support to multiple countries, with fiat rails driving significant volume growth.
Daily revenue reaches new all-time high of $870k and platform now accounts for 20% of Hyperliquid volume, up from previous $800k revenue and 17.5% volume share. A $UP token airdrop snapshot is scheduled in 4 days, with the platform expected to serve as a launchpad for multiple future airdrops.
The platform now accounts for 20% of daily Hyperliquid volume and is launching a base launch pad feature along with an airdrop tool that will service multiple projects including the upcoming upheaval airdrop.
Following Ethena partnership, revenue increases 4x within a week and platform achieves 20% market share of Hyperliquid's daily perps volume.
Ethena partners to expand USDe ecosystem on Hyperliquid platform.
The platform's 24-hour revenue doubles to $800k and trading volume share increases to 17.5% of Hyperliquid, establishing it as officially the largest app on the platform.
XP rewards will be reduced by 25% after the project crosses the $10B milestone.
The platform accounts for more than 15% of HyperliquidX perpetual trading volume.
Achieves $500k daily revenue and surpasses Phantom to become the #1 revenue platform on HyperliquidX, while successfully launching the first launchpad on Hyperliquid.
The platform now generates $400k in daily revenue, representing significant growth from prior metrics.
Platform approaches $250k in daily revenue, showing continued growth from prior $200k figure.
BasedOneX receives S-Tier ranking in HyperLiquid's official weekly ecosystem update as top omnichannel trading platform.
PUP token hits new ATH with $65M fully diluted valuation, positioned as sole upside exposure opportunity.
A Token Generation Event (TGE) is scheduled for Q4 alongside other major liquidity events.
The platform now generates $200k in daily revenue with potential $BASED token launch on the horizon.
Ethena announces active partnership involving Builder Codes integration and USDH stablecoin that will standardize UX across trading and spending while sharing fees.
The airdrop page confirms the next airdrop will distribute $UP tokens from Upheavalfi with a snapshot date of September 21, leaving 12 days for users to qualify.
Partnership with Ethena confirmed as they will add USDe via the platform.
Daily revenue reaches $87k generating $30M+ annualized revenue (up from previous $20M ARR), platform ranks 3rd by user count among builder platforms nearly equivalent to Axiom, and maintains 50% user retention after 4 weeks of operation.
The project reaches all-time high daily active users of nearly 1,800 and achieves $20M annualized revenue while processing 1.5% of global HL perpetual volume. The project also joins the Million Dollar Round Table milestone.
Second airdrop scheduled for end of September, following previous $PUP airdrop that delivered 7-40x ROI on fees.
Visa Card services discontinued in Singapore; strategic pivot to focus on self-custodial wallet development.
Ecosystem map launches next week with partner livestream featuring GattacaHQ, SuccinctLabs, Spire Labs, and L2Beat, alongside Blockworks technical deep dive.
Launches incognito TWAP feature to protect large trades from frontrunning on HyperliquidX platform.
Trading activity earns XP points and rewards 1,000 PUPS tokens through airdrop program.
Achieves #2 position on HyperliquidX by revenue; announces 30-day roadmap for advanced trading features and reduced latency.
Upheavalfi partnership launches first airdrop ($PUP tokens) to points and XP holders, utilizing new airdrop tool with Hyperliquid wallet integration.
New rewards program launches for merchandise holders, offering 10M $BASED per item with chance to claim up to 100M $BASED through embedded chip technology.
New Visa card and launchpad features announced in development pipeline.
New partnership with Hyperliquid enables fiat onramp via Apple Pay, Venmo, PayPal, and Revolut Pay.
Card packs launch on vibemarket platform through official partnership.
Active trading competition offers 20k prize pool while platform XP accumulation enables eligibility for upcoming meme token airdrop.
$BASED ticker acquired on HyperliquidX; platform reports second-highest revenue and highest growth rate without token.