Hyperliquid web3 'SuperApp' Based raises $11.5 million Series A led by Pantera

• The round was structured as an equity investment with token warrants, Based co-founder and CEO Edison Lim told The Block.

Article Summaries:

• Hyperliquid’s web3 “SuperApp” platform, Based, secured an $11.5 million Series A round led by Pantera Capital. The funding was structured as an equity investment complemented by token warrants, allowing investors to acquire future token rights. CEO and co‑founder Edison Lim confirmed the deal in an interview with The Block, noting the partnership would support the company’s expansion and product development. The round underscores continued investor interest in Hyperliquid’s ecosystem and its broader strategy to integrate DeFi services into a unified application.

Sources:

• https://www.theblock.co/post/390809/hyperliquid-web3-based-funding-pantera?utm_source=rss&utm_medium=rss