Key Metrics
Fees 30d$208,881.65
Fees 30d by chain
Hyperliquid L1$208,154
Polygon$724.17
Robinhood Chain$3.48
Fees 7d$11,340.3
Hyperliquid L1$11,184
Polygon$155.32
Robinhood Chain$0.98
Fees 24h$1,478.68
Hyperliquid L1$1,467
Polygon$11.68
Robinhood Chain$0
Cumulative Fees$17.2m
Hyperliquid L1$17.18m
Robinhood Chain$5,920.37
Polygon$5,470.39
Revenue 30d$188,839.83
Revenue 30d by chain
Hyperliquid L1$188,113
Polygon$724.17
Robinhood Chain$2.66
Revenue 7d$11,340.06
Hyperliquid L1$11,184
Polygon$155.32
Robinhood Chain$0.74
Revenue 24h$1,478.68
Hyperliquid L1$1,467
Polygon$11.68
Robinhood Chain$0
Cumulative Revenue$16.03m
Hyperliquid L1$16.02m
Polygon$5,470.39
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)$14.36m
$188,839.83
$11,340.06
$1,478.68
$16.03m
DEX Volume 30d$74,209.36
DEX Volume 30d by chain
Polygon$73,935
Robinhood Chain$274.36
DEX Volume 7d$16,095
Polygon$16,018
Robinhood Chain$77
DEX Volume 24h$1,168
Polygon$1,168
Robinhood Chain$0
Cumulative DEX Volume$899,376.11
Robinhood Chain$474,849.11
Polygon$424,527
DEX Notional Volume 30d$160,577
DEX Notional Volume 30d by chain
Polygon$160,577
DEX Notional Volume 7d$48,265
Polygon$48,265
DEX Notional Volume 24h$3,368
Polygon$3,368
Cumulative DEX Notional Volume$28.67m
Polygon$28.67m
Perp Volume 30d$827.26m
Perp Volume 30d by chain
Hyperliquid L1$827.26m
Perp Volume 7d$52.75m
Hyperliquid L1$52.75m
Perp Volume 24h$7.6m
Hyperliquid L1$7.6m
Cumulative Perp Volume$46.712b
Hyperliquid L1$46.712b
$0
Market Cap$15.29m
$BASED Price$0.065
$65.08m
$49.71m
$BASED Volume 24h$9.88m
CEX Volume$4.87m
DEX Volume$5.15m(52.12% 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 $15,372 in total value locked. TVL has increased 34% 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 $208,881.65 in fees. Of that, $188,839.83 was protocol revenue. Based on the trailing year, the annualized rate is $15.52m in fees and $14.36m in revenue.
What is the BASED token price and valuation?
BASED is currently trading at $0.065. Its circulating market capitalization is $15.36m, ranking it #1,223. Its fully diluted valuation is $65.38m. Supply currently stands at 235m circulating, 1b total supply, 1b maximum supply.
How has BASED performed recently?
BASED is down 5.7% over the past 7 days and down 14.9% over the past 30 days. Its all-time high is $0.32, reached on Apr 16, 2026. The token is currently 79.7% 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 $74,209.36 in DEX volume over the past 30 days.