Web3 Super App Based completes $11.5 million Series A funding led by Pantera Capital

CycleProphet · 2026-02-23T13:28:30+00:00

Based completed a $11.5 million Series A funding round led by Pantera Capital. The funds will be used for global market expansion and on-chain financial infrastructure development. As a Web3 super app, Based integrates multiple trading features and has attracted over 100,000 registered users and 30,000 monthly active users.

CycleProphet

2026-02-23 13:28:30

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Deep Tide TechFlow News, February 23 — Based announced the completion of a $11.5 million Series A funding round led by Pantera Capital, with Coinbase Ventures, Wintermute Ventures, and Karatage participating. The funds will be used to accelerate global market expansion and deepen on-chain financial infrastructure development.

Based is a Web3 consumer-grade super app built on the Hyperliquid ecosystem, integrating perpetual contract trading, prediction markets, and crypto-based consumer services (including crypto debit cards) into a single interface. Since its launch eight months ago, the platform has registered over 100,000 users, with 30,000 monthly active users, covering five regions, and a total trading volume of approximately $40 billion. Additionally, Based has open-sourced its core technology stack to support third-party trading platforms, with the native Hyperliquid perpetual contract trading platform HyENA achieving over $1.5 billion in trading volume within a few months of launch.

Pantera junior partner Jay Yu stated, Hyperliquid is building a skyscraper for global finance, and Based has become the most important gateway to that skyscraper.

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