Ask about Based
Key Metrics
Fees 30d$208,583.95
Fees 30d by chain
Hyperliquid L1$207,873
Polygon$707.71
Robinhood Chain$3.24
Fees 7d$7,976.51
Hyperliquid L1$7,888
Polygon$87.95
Robinhood Chain$0.56
Fees 24h$1,375.17
Hyperliquid L1$1,371
Polygon$4.17
Robinhood Chain$0
Cumulative Fees$17.2m
Hyperliquid L1$17.19m
Robinhood Chain$5,920.37
Polygon$5,497.04
Revenue 30d$189,652.18
Revenue 30d by chain
Hyperliquid L1$188,942
Polygon$707.71
Robinhood Chain$2.47
Revenue 7d$7,976.37
Hyperliquid L1$7,888
Polygon$87.95
Robinhood Chain$0.42
Revenue 24h$1,375.17
Hyperliquid L1$1,371
Polygon$4.17
Robinhood Chain$0
Cumulative Revenue$16.04m
Hyperliquid L1$16.03m
Polygon$5,497.04
Robinhood Chain$4,511.49
Holders Revenue 30d$0
Holders Revenue 30d by chain
Hyperliquid L1$0
Polygon$0
Robinhood Chain$0
Holders Revenue 7d$0
Hyperliquid L1$0
Polygon$0
Robinhood Chain$0
Holders Revenue 24h$0
Hyperliquid L1$0
Polygon$0
Robinhood Chain$0
Cumulative Holders Revenue$0
Hyperliquid L1$0
Polygon$0
Robinhood Chain$0
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$12.04m
$189,652.18
$7,976.37
$1,375.17
$16.04m
DEX Volume 30d$71,823.44
DEX Volume 30d by chain
Polygon$71,568
Robinhood Chain$255.44
DEX Volume 7d$8,838
Polygon$8,794
Robinhood Chain$44
DEX Volume 24h$417
Polygon$417
Robinhood Chain$0
Cumulative DEX Volume$902,881.11
Robinhood Chain$474,849.11
Polygon$428,032
DEX Notional Volume 30d$162,507
DEX Notional Volume 30d by chain
Polygon$162,507
DEX Notional Volume 7d$35,188
Polygon$35,188
DEX Notional Volume 24h$1,438
Polygon$1,438
Cumulative DEX Notional Volume$28.68m
Polygon$28.68m
Perp Volume 30d$827.46m
Perp Volume 30d by chain
Hyperliquid L1$827.46m
Perp Volume 7d$40.23m
Hyperliquid L1$40.23m
Perp Volume 24h$6.54m
Hyperliquid L1$6.54m
Cumulative Perp Volume$46.728b
Hyperliquid L1$46.728b
$0
Market Cap$14.54m
$BASED Price$0.062
$61.89m
$47.26m
$BASED Volume 24h$3.31m
CEX Volume$1.25m
DEX Volume$2.15m(65.12% of total)
Total Raised$11.5m
Sep 8, 2025Round: Investors: Ethena
Feb 23, 2026$11.5mRound: Series AInvestors: Pantera Capital, Coinbase Ventures, Wintermute Trading, Karatage
Protocol Information
Trade, Predict and Spend. Built on Hyperliquid L1, Polymarket. Backed by Ethena Labs.
- Based AlphaLaunchpad
- BasedAppInterface
- HYENAInterface
- Based PredictInterface
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Notional Volume: Notional volume of all trades on protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Frequently Asked Questions
What is Based's TVL?
Based currently has $14,983 in total value locked. TVL has increased 30.7% over the past 30 days.
What chains does Based operate on?
Based operates on 3 chains: Hyperliquid L1, Polygon, and Robinhood Chain. Robinhood Chain holds the largest share at 100%.
How much has Based generated in fees and revenue?
Over the past 30 days, Based generated $208,583.95 in fees. Of that, $189,652.18 was protocol revenue. Based on the trailing year, the annualized rate is $13.2m in fees and $12.04m in revenue.
What is the BASED token price and valuation?
BASED is currently trading at $0.062. Its circulating market capitalization is $14.54m, ranking it #1,244. Its fully diluted valuation is $61.89m. Supply currently stands at 235m circulating, 1b total supply, 1b maximum supply.
How has BASED performed recently?
BASED is down 8.2% over the past 7 days and down 27.2% over the past 30 days. Its all-time high is $0.32, reached on Apr 16, 2026. The token is currently 80.8% below that level.
Which protocols are included in Based?
Based is a parent protocol whose tracked products include Based Alpha, BasedApp, HYENA, and Based Predict.
How much trading volume does Based process?
Based processed $71,823.44 in DEX volume over the past 30 days.