Hyperliquid web3 ‘SuperApp’ Based raises $11.5 million Series A led by Pantera
Web3 trading app Based, built on Hyperliquid, secured $11.5 million in a Series A led by Pantera Capital.Summary
Based, a consumer-facing web3 "SuperApp" utilizing Hyperliquid's infrastructure for trading and payments, has raised $11.5 million in a Series A round led by Pantera Capital, with participation from Coinbase Ventures and others. The funding, structured as equity with token warrants, began in Q4 2025 and closed recently. Based combines perpetual futures trading, prediction markets, and a crypto Visa card into a single mobile-first interface, differentiating itself from Hyperliquid by serving as the product layer for everyday users. The company has surpassed 100,000 registered users and plans to expand its roadmap into AI-driven "agentic commerce," creating personal financial agents to execute trades and facilitate spending, targeting the next 100 million users beyond current crypto-native traders. Based, headquartered in Singapore, also generates revenue through its "Based Cloud" infrastructure for partners and plans to double its 15-person team, focusing on hiring AI engineers and legal counsel for payments regulation.
(Source：The Block)