Pantera leads $11.5M round in Based, a Hyperliquid-powered crypto app

Based, a Web3 consumer application for trading and spending cryptocurrency, has secured $11.5 million in a Series A funding round. The round was led by Pantera, with participation from Coinbase Ventures, Wintermute Ventures, and Karatage. Launched eight months ago, Based integrates perpetuals trading, prediction markets, and real-world crypto spending into a single platform, built on Hyperliquid’s execution environment. The company intends to use the new capital to expand into new markets and further develop its onchain financial infrastructure. According to co-founder and CEO Edison, Based aims to provide everyday users with a complete financial experience on the blockchain, enabling access to global markets and seamless crypto spending. The platform is also extending its technology to support third-party venues like HyENA.

(Source：CoinDesk)