Key Metrics
Fees (Annualized)$16.36m
Fees 30d$117,376.9
Hyperliquid L1$116,418
Polygon$867.56
Robinhood Chain$91.34
Fees 7d$92,106.41
Hyperliquid L1$91,869
Polygon$236.24
Robinhood Chain$1.17
Fees 24h$17,770.26
Hyperliquid L1$17,722
Polygon$48.25
Robinhood Chain$0.01
Cumulative Fees$17.08m
Hyperliquid L1$17.07m
Robinhood Chain$5,918.35
Polygon$5,079.18
Revenue (Annualized)$15.21m
Revenue 30d$101,026.32
Hyperliquid L1$100,089
Polygon$867.56
Robinhood Chain$69.76
Revenue 7d$83,929.13
Hyperliquid L1$83,692
Polygon$236.24
Robinhood Chain$0.89
Revenue 24h$16,003.26
Hyperliquid L1$15,955
Polygon$48.25
Robinhood Chain$0.01
Cumulative Revenue$15.93m
Hyperliquid L1$15.92m
Polygon$5,079.18
Robinhood Chain$4,510.77
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)$15.21m
$101,026.32
$83,929.13
$16,003.26
$15.93m
DEX Volume 30d$97,454.24
DEX Volume 30d by chain
Polygon$89,953
Robinhood Chain$7,501.24
DEX Volume 7d$23,801.57
Polygon$23,710
Robinhood Chain$91.57
DEX Volume 24h$4,826.75
Polygon$4,826
Robinhood Chain$0.75
Cumulative DEX Volume$854,859.99
Robinhood Chain$474,685.99
Polygon$380,174
DEX Notional Volume 30d$166,341
DEX Notional Volume 30d by chain
Polygon$166,341
DEX Notional Volume 7d$38,819
Polygon$38,819
DEX Notional Volume 24h$8,370
Polygon$8,370
Cumulative DEX Notional Volume$28.55m
Polygon$28.55m
Perp Volume 30d$540.9m
Perp Volume 30d by chain
Hyperliquid L1$540.9m
Perp Volume 7d$369.38m
Hyperliquid L1$369.38m
Perp Volume 24h$67.92m
Hyperliquid L1$67.92m
Cumulative Perp Volume$46.275b
Hyperliquid L1$46.275b
$5.42m
Market Cap$17.54m
$BASED Price$0.075
$74.64m
$56.97m
$BASED Volume 24h$8.66m
CEX Volume$3.49m
DEX Volume$5.11m(59.02% 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 $14,744 in total value locked. TVL has decreased 11.7% 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 $117,376.9 in fees. Of that, $101,026.32 was protocol revenue. Based on the trailing year, the annualized rate is $16.36m in fees and $15.21m in revenue.
What is the BASED token price and valuation?
BASED is currently trading at $0.075. Its circulating market capitalization is $17.54m, ranking it #1,113. Its fully diluted valuation is $74.64m. Supply currently stands at 235m circulating, 1b total supply, 1b maximum supply.
How has BASED performed recently?
BASED is down 10.8% over the past 7 days and down 3.1% over the past 30 days. Its all-time high is $0.32, reached on Apr 16, 2026. The token is currently 76.8% 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 $97,454.24 in DEX volume over the past 30 days.
