Based

We just raised US$11.5M to build the next generation of on chain finance. Proud to announce our latest round as we scale Based, the crypto SuperApp to trade everything and spend everywhere. Based brings perpetuals, prediction markets, spot trading, and real world spending into a single on chain first experience. All from one SuperApp.

Based Token Airdrop Update To ensure a seamless experience and avoid claim congestion, $BASED airdrop tokens will be distributed directly to wallets on Hyperliquid on TGE day — no manual claiming required. Recipients can specify a preferred receiving wallet at basedfoundation.com/check. You have until March 25, 12:00 UTC to set or update your recipient wallet. If unspecified, tokens will be sent to your default address. Stay Based.

gbased The first official S&P 500 perp is now live on Based. Enjoy seamless trading via the Based Mobile App or our Web Terminal. app.based.one/xyz:SP500 Stay Based.

@chameleon_jeff @HyperliquidX Hyperliquid

Huge congratulations to TradeXYZ and S&P for this historic partnership. I'm honored that these teams choose to build on Hyperliquid. Seeing official S&P500 perpetual futures launch exclusively on Hyperliquid is a validation of everyone's past years of hard work: global access to decentralized finance, perpetual futures as 24/7 price discovery, and Hyperliquid upgrading the existing financial stack to house all of finance. The S&P500 is synonymous with "the market," a single number that captures the essence of the largest economy in the world. Looking forward to tracking the world's most important financial gauge 24/7 on the most liquid permissionless markets.

The moment the Based community has been waiting for. $BASED TGE will be held on 30 March.

The Based Master Plan, Part 2 The first master plan I wrote four months ago is now well into execution. Build the financial layer for trading and spending. Grow an ecosystem of developers on top of it. Turn trading into culture. Bridge on-chain and off-chain finance. Give people a reason to keep coming back. The reason we started with a trading app is simple. That's where the users were, that's where we could prove the product worked, and that's where we could generate enough revenue to fund what comes next. Now we're ready for the next part. What changed I should explain something that has shifted materially since we wrote that first piece. AI is getting dramatically better, faster than most people expected. Eight months ago our engineers were using it because it typed faster than humans. That sounds almost quaint now. Today, frontier models produce work that is genuinely close to what strong developers produce themselves, and the iteration loops are getting tighter every few months. The implication of this is straightforward. If any team can build any software product quickly and cheaply, then software is not a defensible business anymore. The value has to come from somewhere else. It comes from the users you have, the liquidity you sit on top of, and the rails that actual commerce flows through. That is what Based has been building. And it is why the next phase looks the way it does. The actual shift that is coming Here is what we believe will happen over the next 6 months, and what we are positioning for: 1. The next wave of users won’t be human Everyone will have at least one agent running alongside them handling tasks, making decisions, executing transactions. Companies will run fleets of agents working concurrently. The number of "users" on any financial platform will multiply, but most of them won't have names. 2. AI inference usage will increase dramatically from where it is today. Right now, most AI inference usage is concentrated around chat apps and, more recently, coding workflows. That will change. We are going to start seeing collaborative agents automate more parts of work, consumption, finance, and personal decision-making. The amount of AI-inference spending required to support that world will rise materially. 3. Spending is the next pillar that gets disrupted Programming was one of the first domains to get reshaped in a visible way. Spending is next. We believe AI agents will increasingly compute, compare, aggregate, and execute commerce decisions on behalf of users. Over time, AI will compress consumer decision-making itself; finding better prices, better routes, better timing, and more efficient actions. The question worth asking is: where does all of that activity settle? Who owns the rails? Here is what we are going to do The goal is for Based to be the financial execution layer for both humans and agents. Not a wallet. Not a trading app. The system where economic intent, whether it comes from a person or an agent acting for that person, gets turned into action. Here is how we get there. Build the inference layer. If agents are going to operate at scale, they need reliable access to intelligence. That means inference has to become easy to consume, easy to pay for, and easy to embed into workflows (it needs to flow like liquidity). Based has already built AI inference infrastructure (ai.based.one) that can be natively used by both agents and humans. More importantly, payments for this infrastructure have been designed to settle through Hyperliquid and Based Pay, our TradFi payment system. We have already done this. Drive real usage on top of it. Infrastructure without usage is just overhead. We are releasing consumer products that sit on top of the inference layer and generate compounding demand. Product usage drives inference usage. Inference usage strengthens the infrastructure. That loop is what turns an infrastructure bet into a real business. Own the commerce interface. The long-term opportunity is not merely selling access to intelligence. It is owning the interface where intelligence meets action. If AI becomes responsible for more decision-making, then the most valuable layer will not just be the model, or the app, or the wallet in isolation. It will be the system that can take an intent and translate it into execution across trading, payments, purchasing, and financial actions. Expand what "Trade Everything, Spend Everywhere" actually means. When we came up with that phrase, it described a product. Now it describes something larger. Trading is not just perps and spot. It is any decision with an economic outcome that can be turned into an executable action. Spending is not just cards and checkout. It is any transfer of value, regardless of whether the entity initiating it is a human or an agent. Intelligence is not a chatbot bolted onto a wallet. It is the layer that sits inside the commerce stack and optimizes how capital moves through it. When commerce becomes programmable, the companies that win will be the ones that already understand liquidity, settlement, incentives, and distribution as a single system. That is what we have been building. Why BASED We build around one of the most powerful ideas in crypto: that open financial rails enable faster experimentation and stronger alignment than closed systems do. We are making a clear bet on two things. First, that Hyperliquid becomes the dominant chain for AI commerce. The team is building toward housing all of finance on a single, fast, neutral chain. If they get there, it becomes the natural settlement layer for a world running on programmatic transactions. We have built most of our infrastructure there already. There is no comparable alternative. Second, that agentic commerce is real and coming faster than most people think. OpenClaw gave an early glimpse of what it looks like when agents start replacing humans as the primary users of financial systems. That future is not theoretical for us. We have been building with agentic tooling for longer than it has been fashionable to talk about it. We were early on Hyperliquid. We were early on agentic infrastructure. Being early is the only edge that consistently compounds. Why this moment Software is getting cheaper to build. Intelligence is getting cheaper to access. The window to build a defensible position around liquidity, users, and commerce rails is not permanent. We have been in the right places early before. We intend to do it again. The TGE is not just a financial event. It is the moment when the people who built this community with us get a real, structural stake in what comes next. We do not just want to build products for our users. We want to build the future with them. So in short, the Based Master Plan, Part 2: Build the payment and settlement rails for AI inference Release consumer products that drive compounding usage on top of them Own the interface where intelligence meets financial execution Make sure the people who built this with us share in what it becomes The future is Based. p.s: this article is also published on Based Page based-master-plan.based.page. I one-shotted it with Based AI by the way.

Based Page now supports forms and counters. Forms and counters are now built into every deployment on based.page. Collect contact form submissions, waitlist signups, or votes. Track page views, reactions, and button clicks. All stored and accessible from day one with no server, no database, and no config required. See it in action: based.page/forms Stay Based.

The $BASED airdrop checker is live. If you’ve been trading or spending on Based, you can now view your airdrop allocation. Check your eligibility: basedfoundation.com/check Stay Based.

In less than 24 hours since launch, Based users and web2 developers have begun building on Based via our Based Pages product. This proves that there's strong demand for agentic hosting capabilities settled on Hyperliquid. Stay tuned for our next few updates. See: based.page/explore P.S. All pages on Based Page are public by default. If you'd prefer to keep yours private, simply prompt your agent to password lock it. Stay Based Hyperliquid

Introducing Based Pages, agentic page deployments for the AI era. We built BasedAI to give agents the ability to think. Based Pages is the next piece: a native deployment layer where agent output goes from prompt to live URL in seconds, with no pipeline, no infrastructure setup and no friction between what an agent builds and the world being able to use it. Every page deploys instantly to its own subdomain, settles via x402 on Hyperliquid, and works with any agent or workflow. Try it now: based.page Check out the demo: introducing.based.page The future is Based.

Start of x402 on Hyperliquid: AI inference as a commodity. GBased everyone! BasedAI has been live for less than a day and we are already seeing a healthy mix of humans and agents consuming inference and paid via x402 micro-transactions. This is exactly what we built it for. BasedAI is infinitely scalable. You only pay for what you use. If you have not plugged in yet, now is the time: ai.based.one Stay Based.

Introducing Based AI, the first commoditised AI inference gateway on @HyperliquidX AI agents are going to make most future spending decisions and to do so, they need intelligence. The question is how that intelligence gets priced, delivered, and settled at scale as agentic commerce demand grows. Based AI is our answer. A single gateway to all AI models, where inference is consumed on a pay-as-you-use basis and settled via x402 micro-transactions on Hyperliquid, with privacy-first infrastructure that stores nothing and retains no logs. If you are building agents on Hyperliquid, plug in today. Explore BasedAI: ai.based.one The future is Based.

@likedsk1 more stuff coming right up

@BasedOneX cooking on

Based V2 is fully live! The Based V2 introduces a rebuilt mobile experience, optimised for performance, reliability, and the product expansion that comes with building a true SuperApp. What this means in practice: - Faster order submission and confirmation on Hyperliquid - Smoother execution on Polymarket prediction markets - Immediate tap response across all core actions - Faster screen loads, cleaner transitions throughout This rebuild also gives us the infrastructure to expand into more products, tighter integrations, and higher usage frequency without slowing down as Based grows. Trade Everything, Spend Everywhere. iOS: apps.apple.com/sg/app/basedap… Android: play.google.com/store/apps/det… The future is Based.

HyENA has reached $2B in total volume. Since launch, $800k+ in USDe rewards have been distributed to traders. Thank you to the community for making productive margin the standard. HyENA will always reward traders.

We’re excited to announce Pantera is leading the Series A investment in @BasedOneX.

@PanteraCapital 🤝

@0xfishylosopher Based

This anchors us in a good strategic spot with multiple revenue generating primitives as we pursue the next stage of our growth; Based seeks to build out the next generation SuperApp that blurs the borders between on-and-off-chain access. The next stage of Based will widen the gap: - New spending product verticals to accelerate growth and retention like the introduction of Basedmall. - New trading primitives with infrastructure owned by Based - Digging deeper into enterprise deployments of Based Cloud With a prime focus on growth and retention through consumer-led applications, the future is Based. Web: app.based.one/trade Mobile App: based.one/ios / based.one/android

Eight months ago, we embarked on a journey to build on Hyperliquid, creating the first omni-channel trading experience. Today, we have built multiple verticals with over 30k MAU: - Mobile & Web products with over $39B volume transacted - Hyena HIP-3 exchange with 50m OI and 1.5B volume transacted - Prediction market access with approximately 18M prediction volume in just couple of months - Crypto debit cards over 20m spent since inception

We just raised US$11.5M to build the next generation of on chain finance. Proud to announce our latest round as we scale Based, the crypto SuperApp to trade everything and spend everywhere. Based brings perpetuals, prediction markets, spot trading, and real world spending into a single on chain first experience. All from one SuperApp.