Based Announcements

Supporting HyperEVM Projects and Why It’s Important.

As we approach terminal velocity in gaining "Hyperliquid dominance (~25%)" on Hyperliquid, we recognise how it is important to focus on the things that truly matter; growing Hyperliquid.

Today, Based traders account for ~920m USD trading volume on UBTC on a daily basis (H/T to HyperTracker for data). This showcases the appetite of Based traders for spot trading via Based One trading tools. Our goal is to ensure most of this trading volume ends up in areas that grow Hyperliquid in meaningful ways; Especially HyperEVM.

Thus, Based XP program will be altered to lower incentives on all spot trading markets and focus on HyperEVM graduates (largely resulting from Upheaval's UIP-1). The ~2x boost on spot trading pairs will be removed, and will instead be applied to HyperEVM graduates such as $PUP token, and any future graduates.

We believe that this move will have a small gradual impact of bringing trading volume and interest into HyperEVM runners to build a more conducive environment for builders on Hyperliquid. Volume is king after all, and it is much preferred that volume is directed towards growing HyperEVM projects to grow Hyperliquid ecosystem to greater heights.

Effective changes:

🔸 XP Boosts removed on major spot trading pairs
🔸 Trade $PUP on Spot → Earn 2x XP
🔸 Strengthen activity + trading volume on HyperEVM, benefitting HyperEVM ecosystem projects

By supporting HyperEVM graduates, we are supporting the growth of the Hyperliquid ecosystem. The EVM chain is as important as Hyperliquid - it’s where innovation thrives, where different builders come together, and where the ecosystem can truly scale.

HyperEVM has already grown into one of the fastest-growing EVM chains, with TVL increasing 10x in just 5 months. With our strong reach, we aim to accelerate its growth. Based is Hyperliquid Aligned.

Stay Based.
Hyperliquid

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Based Milestone + XP Update

We’re proud to announce that Based has officially crossed $9 BILLION in total trading volume.

Over the past months, we’ve rolled out new features and products every week to stay ahead, helping traders maximize profitability and that’s why they continue to choose Based.

Once we hit the $10 Billion mark, XP points from trading will be reduced by 25% across the board. We will reduce XP points more along the way as we hit new milestones.

This adjustment is designed to reward our earliest users who believed in us and helped build what we have today. Without you, none of this would’ve been possible.

Stay Based.
Hyperliquid

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$PUP token launched by our partner Upheaval is now tradeable on all of Based Platforms.

Trade using our terminal and start earning some Based points: https://app.based.one/PUP/USDC

Stay Based.

Hyperliquid

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Introducing Basedpad, the #1 Launchpad on Hyperliquid

🔸Gain access to public Zero-Fee launchpad
🔸Special whitelist for loyal Based & Hyperliquid supporters

Read more: https://medium.com/basedone/a-hyperliquid-launchpad-product-by-based-8ab116e17396

Stay Based.
Hyperliquid

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Builders! Get started fast with your first Based MiniApp.

Learn:
🔸 How MiniApps work under the hood
🔸 Security + architecture
🔸 Simple API with full examples

Your 101 Guide to getting started is right here👇

https://basedapp.gitbook.io/docs/developers/based-miniapp

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Based just hit the highest 24h builder revenue for any app on Hyperliquid since it's inception.

Want a share of that revenue? Build on Based.

Create tools that benefit our traders and we’ll share the upside with you.

Reach out to us today: https://based.one/contact

Stay Based.
Hyperliquid

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To celebrate $HYPE hitting a new ATH, we’re giving away $155 USD to 1 lucky winner in 48 hrs!

How to join:
1️⃣ Comment on the tweet with a screenshot of your mobile wallpaper
2️⃣ The comment with the most likes wins 🎉

Good luck & Stay Based.

Hyperliquid

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Introducing Based App Store - the first composable trading terminal.

🔸 Mini-apps for AI trading bots, liquidation heatmaps & automated strategies
🔸 Free access for traders
🔸 Fee-share for builders

https://medium.com/basedone/introducing-based-app-store-2525d184e0b1

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Stats of our first ever Flow Battle, all in just under 3 days:

✅ $250m trading volume
✅ > 1000 participants
✅ $15,000 USD prize pool and increasing

7 more days to go before we crown the #1 Flow Trader for Season 1

Join today (Sign up is free) 👉🏻 https://app.based.one/competitions/5ade2e94-e9e7-4955-8eaf-7c4a5d151ec1

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Based x Ethena

We’re happy to announce a strategic investment from Ethena.

This marks the first step in our partnership to accelerate USDe adoption across the Hyperliquid ecosystem.

We think USDe can play a key role in the Hyperliquid ecosystem, and want to be a conduit through which that can happen.

At Based, our mission is to build the best platform for people to trade and spend crypto.

Based is currently one of the largest trading platforms on Hyperliquid. Today, Based accounts for nearly 7% of Hyperliquid’s 24h global Hyperliquid perp volume with our builder code exchange.

We also issue debit cards for people to spend stablecoins anywhere around the world.

By working closely with Ethena, we aim to deliver a better experience for traders to trade on Hyperliquid and explore real-world use cases for stablecoin payments with USDE.

More information about how we are working together will be shared in the coming months.

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The Flow Battle has officially begun!
Compete for your share of $50,000 in cash prizes, exclusive NFTs, and more.

Sign up anytime during the competition period.

It’s never too late to join.

Finish in the Top 10 amongst the 700 participants who signed up and you could walk away with incredible rewards.

https://app.based.one/competitions/5ade2e94-e9e7-4955-8eaf-7c4a5d151ec1

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Based is launching a Permanent XP Boost Program to reward our loyal Based users.

$PUP was distributed solely to the Based community, with larger allocations given to bigger holders. This allowed us to identify and reward those who have been loyal from the start.

XP Boost Criteria

For Airdrop Recipients:
• Hold 35% or more of your airdropped PUP → 25% XP boost
• Hold 70% or more of your airdropped PUP → 50% XP boost
• Hold 110% or more (added beyond your airdrop) → 60% XP boost

This framework rewards loyalty over bag size. Even with a smaller airdrop, you can unlock meaningful boosts by holding instead of selling.

For Non-Airdrop Users:
• Buy and hold 2,000,000 spot PUP → 25% XP boost

This ensures newcomers to the ecosystem can participate and be rewarded, while long-term supporters maintain the highest benefits.

Loyalty Program activates in few hours’ time.

Stay Based.
Hyperliquid

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We’ve just crossed $2 Billion in 30 days trading volume!

A huge thank you to our community. This milestone wouldn’t have been possible without your support.

Every trade, every user, every builder pushing with us has contributed to this growth.

We’re just getting started. Our focus remains on building even more powerful tools for the Hyperliquid ecosystem and making Based the best place to trade, build, and grow together.

Stay tuned - The next phase is only getting bigger.

Stay Based.
Hyperliquid

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We've been receiving many queries from users about Based preventing users from wash trading. In our conversations with users, we tend to discourage users from wash trading as it is not desirable.

Our goal at Based is to build the best trading tools to ensure Hyperliquid users gain an edge versus traders on CEX. While everyone is generally bullish on our ecosystem as a whole, our team has no intention of extracting fees at our users' expense. This is also why our builder fee is amongst one of the lower-mid tier ones.

While we do not actively hunt wash traders, it is important to understand that we wish for our traders to profit not only from our ecosystem, but it is also important to us that they profit from trading activities.

This is one of our most important goals in building Based! Our team is generally strict on Sybils who provide no economic benefit to our ecosystem, and are generally net extractors.

Other than that, we tend to favor our loyal users who stay. We have some updates coming out for some of our core loyal users soon!

Stay Based

Hyperliquid

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Deposit into Hyperliquid Vaults like HLP directly from our web terminal - no fees on deposits.

Your assets start working instantly, earning yield while staying fully connected to the Hyperliquid ecosystem.

Based, the all-in-one app for traders.

Stay Based
Hyperliquid

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Introducing Flow Battle: Season 1

🔸Win up to $50,000 USD in prizes
🔸Exclusive NFTs up for grabs
🔸Premium Access to CMM
🔸Top 10 winners will walk away with prizes

Duration: 6th-16th Sept

Proudly Sponsored by

CoinMarketMan, HyperTracker, Upheaval, Odd Otties, Bald Brothers & illiquid

Community Partners: Hypurr Collective

Pre-Register here

Are you ready to flow?

Hyperliquid

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First Based Cloud deployment now live.

This new partner/franchisee of ours operates a FX brokerage, and is looking to bring Decentralized Crypto Perps to their audience located in the asian regions!

This is all powered by Based Cloud on Hyperliquid. Bringing more of Hyperliquid to people all over the world one franchise at a time.

If you are keen to work with us and build your own Exchange, reach out to us and we will put you in queue.

Learn more about Based Cloud: https://based.one/cloud

Hyperliquid

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As requested by some of our community members, we have now added another language onto our platform.

New Language Added : Japanese 🇯🇵

コミュニティの皆さま、これまでのご支援ありがとうございます！

これからも皆さまに貢献できるよう最善を尽くしてまいります。

Hyperliquid

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Over $100k in affiliate fees has just been paid out to our community.

Total affiliate fees issued till date exceeded half a million USD!

Refer & Earn up to 72% in commissions.

Get your own personalized affiliate link at

> https://app.based.one/affiliate/portal

Stay Based
Hyperliquid

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BasedApp will be ceasing our Visa Card product in Singapore. As of the date of this statement, BasedApp has ceased accepting new applications for the Visa Card.

After careful consideration, we have decided to refocus our efforts on self-custodial wallet software, and international expansion outside of Singapore. To stay lean and focused, we have withdrawn our application for a licence under the Payment Services Act 2019 before the Monetary Authority of Singapore.

For more information, please refer to our public announcement here:

https://based.one/sg/account-notice

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