• Pantera leads $11.5M round in Based, a Hyperliquid-powered crypto app The company said the fresh capital will be used to expand into new markets and build out its onchain financial infrastructure. • What to know: Based, a Web3 consumer app for trading and spending crypto, has raised $11.5 million in a Series A round led by Pantera, with participation from Coinbase Ventures, Wintermute Ventures and Karatage. • The company said the fresh capital will be used to expand into new markets and build out its onchain financial infrastructure. • Based combines perpetuals trading, prediction markets and real-world crypto spending into a single interface. • Based, a Web3 consumer app for trading and spending crypto, has raised $11.5 million in a Series A round led by Pantera, with participation from Coinbase Ventures, Wintermute Ventures and Karatage. • The company said the fresh capital will be used to expand into new markets and build out its onchain financial infrastructure.
Article Summaries:
- Pantera led a $11.5 million Series A for Based, a Web3 consumer app that blends perpetuals trading, prediction markets and real‑world crypto spending into a single interface. The round also saw participation from Coinbase Ventures, Wintermute Ventures and Karatage. Based, built natively on Hyperliquid’s execution environment, aims to pair institutional‑grade speed and liquidity with a consumer‑focused experience. The new capital will be used to expand into new markets and strengthen its on‑chain financial infrastructure, while the company plans to extend its technology to third‑party venues such as Hyperliquid‑native HyENA.
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