As
$BASED TGE approaches, I want to clarify the rationale for a concurrent listing on Hyperliquid and CEXes such as Coinbase, Bybit and Binance.
@BasedOneX is still doing what we have been doing all along: building a unified platform to trade everything and spend everywhere. The objective is a permissionless interface across crypto, equities, and commodities.
We have chosen to build on
@HyperliquidX, and will continue to do so. Over the past 24 hours, Based contributed ~2% of total volume, with peaks above 10%. Based has generated the highest volume ($41B) among Hyperliquid builder codes exchange, and is the second highest on number of users and all-time revenue (behind Phantom). We have strong user growth every month and will continue to onboard new users to the House of All Finance.
Based has also integrated
@Polymarket to give users access to prediction markets. In 2026, we will continue to double down on our efforts to build better fiat rails to let people onboard money to trade and to spend.
TGE is a significant event. It aligns stakeholders and accelerates BASED’s growth trajectory. CEX listings help to improve the distribution and liquidity for the BASED token. The decision to work with Binance helps us to ensure that BASED token can be traded directly by 200M users worldwide with the world's largest exchange by volume.
BASED is the first project to pursue a simultaneous launch on Hyperliquid and tier-1 CEXes. This strategy establishes a new precedent: tokens can originate on Hyperliquid and achieve listings on exchanges such as Coinbase, Bybit and more.
Most supply remains on Hyperliquid. A portion is bridged to Ethereum and BSC via
@LayerZero_Core and
@StargateFinance to enable deposits on centralized exchanges.
P.S: Since you are here, if you are keen to learn more about BASED and our plans ahead, read our litepaper here!
litepaper.based.one/