Key Metrics
Fees (Annualized)$16.4m
Fees 30d$188,267.7
Hyperliquid L1$187,298
Polygon$903.77
Robinhood Chain$65.93
Fees 7d$163,652.37
Hyperliquid L1$163,373
Polygon$277.33
Robinhood Chain$2.04
Fees 24h$3,374.89
Hyperliquid L1$3,360
Polygon$13.81
Robinhood Chain$1.08
Cumulative Fees$17.15m
Hyperliquid L1$17.14m
Robinhood Chain$5,920.51
Polygon$5,112.1
Revenue (Annualized)$15.25m
Revenue 30d$168,881.91
Hyperliquid L1$167,928
Polygon$903.77
Robinhood Chain$50.14
Revenue 7d$152,133.89
Hyperliquid L1$151,855
Polygon$277.33
Robinhood Chain$1.56
Revenue 24h$2,048.64
Hyperliquid L1$2,034
Polygon$13.81
Robinhood Chain$0.83
Cumulative Revenue$16m
Hyperliquid L1$15.99m
Polygon$5,112.1
Robinhood Chain$4,512.43
Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0
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)$15.25m
$168,881.91
$152,133.89
$2,048.64
$16m
DEX Volume 30d$98,711.11
DEX Volume 30d by chain
Polygon$93,237
Robinhood Chain$5,474.11
DEX Volume 7d$28,101.25
Polygon$27,940
Robinhood Chain$161.25
DEX Volume 24h$1,467.12
Polygon$1,381
Robinhood Chain$86.12
Cumulative DEX Volume$862,199.23
Robinhood Chain$474,858.23
Polygon$387,341
DEX Notional Volume 30d$169,105
DEX Notional Volume 30d by chain
Polygon$169,105
DEX Notional Volume 7d$50,084
Polygon$50,084
DEX Notional Volume 24h$1,888
Polygon$1,888
Cumulative DEX Notional Volume$28.57m
Polygon$28.57m
Perp Volume 30d$819.25m
Perp Volume 30d by chain
Hyperliquid L1$819.25m
Perp Volume 7d$652.82m
Hyperliquid L1$652.82m
Perp Volume 24h$13.89m
Hyperliquid L1$13.89m
Cumulative Perp Volume$46.566b
Hyperliquid L1$46.566b
$5.47m
Market Cap$16.65m
$BASED Price$0.071
$70.87m
$54.09m
$BASED Volume 24h$6.13m
CEX Volume$2.71m
DEX Volume$4.33m(70.65% of total)
Total Raised
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 $14,963 in total value locked. TVL has decreased 0.6% 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 $188,267.7 in fees. Of that, $168,881.91 was protocol revenue. Based on the trailing year, the annualized rate is $16.4m in fees and $15.25m in revenue.
What is the BASED token price and valuation?
BASED is currently trading at $0.071. Its circulating market capitalization is $16.65m, ranking it #1,142. Its fully diluted valuation is $70.87m. Supply currently stands at 235m circulating, 1b total supply, 1b maximum supply.
How has BASED performed recently?
BASED is down 8.6% over the past 7 days and down 18.6% over the past 30 days. Its all-time high is $0.32, reached on Apr 16, 2026. The token is currently 78% 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 $98,711.11 in DEX volume over the past 30 days.
