Web3 consumer app Based has secured $11.5 million in a Series A funding round, with Pantera Capital leading the investment. Participants included Coinbase Ventures, Wintermute Ventures, and Karatage. The new capital will fuel market expansion and the development of Based's onchain financial infrastructure.
Launched eight months ago, Based offers a unified interface for perpetuals trading, prediction markets, and real-world crypto spending. It operates on Hyperliquid's execution environment, aiming to deliver institutional-grade speed and liquidity with a user-friendly experience. Based is also extending its technology to power third-party platforms.
"Most crypto products today are built for traders or builders, not for everyday people who want a complete financial life onchain," stated co-founder and CEO Edison. "We’re building Based so anyone, anywhere can access global markets and also use those funds to purchase things they actually need without jumping through hoops."
