Ask about Based
Key Metrics
Fees 30d$208,923.24
Fees 30d by chain
Hyperliquid L1$208,191
Polygon$728.77
Robinhood Chain$3.47
Fees 7d$9,786
Hyperliquid L1$9,641
Polygon$144.02
Robinhood Chain$0.98
Fees 24h$803.9
Hyperliquid L1$792
Polygon$11.9
Robinhood Chain$0
Cumulative Fees$17.2m
Hyperliquid L1$17.18m
Robinhood Chain$5,920.37
Polygon$5,469.96
Revenue 30d$189,127.42
Revenue 30d by chain
Hyperliquid L1$188,396
Polygon$728.77
Robinhood Chain$2.65
Revenue 7d$9,785.76
Hyperliquid L1$9,641
Polygon$144.02
Robinhood Chain$0.74
Revenue 24h$803.9
Hyperliquid L1$792
Polygon$11.9
Robinhood Chain$0
Cumulative Revenue$16.04m
Hyperliquid L1$16.03m
Polygon$5,469.96
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)$13.88m
$189,127.42
$9,785.76
$803.9
$16.04m
DEX Volume 30d$74,668.18
DEX Volume 30d by chain
Polygon$74,395
Robinhood Chain$273.18
DEX Volume 7d$14,769
Polygon$14,692
Robinhood Chain$77
DEX Volume 24h$1,190
Polygon$1,190
Robinhood Chain$0
Cumulative DEX Volume$900,566.11
Robinhood Chain$474,849.11
Polygon$425,717
DEX Notional Volume 30d$164,381
DEX Notional Volume 30d by chain
Polygon$164,381
DEX Notional Volume 7d$48,183
Polygon$48,183
DEX Notional Volume 24h$5,001
Polygon$5,001
Cumulative DEX Notional Volume$28.67m
Polygon$28.67m
Perp Volume 30d$826.46m
Perp Volume 30d by chain
Hyperliquid L1$826.46m
Perp Volume 7d$46.69m
Hyperliquid L1$46.69m
Perp Volume 24h$4.46m
Hyperliquid L1$4.46m
Cumulative Perp Volume$46.716b
Hyperliquid L1$46.716b
$0
Market Cap$15.1m
$BASED Price$0.064
$64.26m
$49.07m
$BASED Volume 24h$7.41m
CEX Volume$2.57m
DEX Volume$3.64m(49.05% 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 $15,193 in total value locked. TVL has increased 32.5% 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 $208,923.24 in fees. Of that, $189,127.42 was protocol revenue. Based on the trailing year, the annualized rate is $15.04m in fees and $13.88m in revenue.
What is the BASED token price and valuation?
BASED is currently trading at $0.064. Its circulating market capitalization is $15.09m, ranking it #1,218. Its fully diluted valuation is $64.2m. Supply currently stands at 235m circulating, 1b total supply, 1b maximum supply.
How has BASED performed recently?
BASED is down 8.3% over the past 7 days and down 15% over the past 30 days. Its all-time high is $0.32, reached on Apr 16, 2026. The token is currently 80% 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 $74,668.18 in DEX volume over the past 30 days.