February 23, 2026 – Singapore, Singapore
Funding will speed up world enlargement, deepen on-chain monetary infrastructure and place Primarily based to turn into the gateway to Hyperliquid and the default monetary app for on-chain customers worldwide.
Primarily based, a Net 3.0 shopper ‘super-app’ for buying and selling and spending crypto globally, at this time introduced it has raised a $11.5 million Sequence A financing spherical led by Pantera, with participation from Coinbase Ventures, Wintermute Ventures and Karatage.
The brand new capital will speed up Primarily based’s enlargement into new markets and broaden its on-chain monetary infrastructure choices with the purpose of scaling the platform into the default monetary app for on-chain customers worldwide.
Primarily based lets customers ‘commerce all the pieces, spend all over the place.’
The platform unifies perpetuals buying and selling, prediction markets and real-world crypto spending, together with a dwell crypto card, into one seamless interface.
Simply eight months after launch, the platform has grown to greater than 100,000 registered customers and 30,000 month-to-month lively customers throughout 5 areas, producing roughly $40 billion in cumulative buying and selling quantity.
Edison, co-founder and CEO of Primarily based, mentioned,
“Most crypto merchandise at this time are designed for merchants or builders not for on a regular basis individuals who need a full monetary life on-chain.
“And even when you possibly can make investments, shifting that cash again into your day by day life is a nightmare.
“We’re constructing Primarily based so anybody wherever can entry world markets and likewise use these funds to buy issues they really want with out leaping by way of hoops.
“One app to speculate globally and spend domestically hat’s what will get us up each morning.”
The traction displays a shift in how customers are partaking with crypto.
Quite than toggling between fragmented instruments DEX right here, a card there, a separate portfolio tracker ased customers commerce, earn and spend inside one unified and curated expertise.
Constructed natively on Hyperliquid’s high-performance execution atmosphere, the platform delivers the velocity and liquidity of institutional-grade infrastructure with a consumer-grade interface.
Jay Yu, junior companion at Pantera, mentioned,
“If Hyperliquid is constructing a home for all of finance, Primarily based is already the entrance door to that home, because the main gateway to the Hyperliquid ecosystem.
“We imagine Primarily based can turn into the go-to platform to commerce all the pieces and spend wherever on Hyperliquid and past.
“Primarily based’s founders Edison and Zac embody the spirit of the Hyperliquid ecosystem younger, hungry and scrappy, fueled with each the grit and execution capabilities to win in a extremely aggressive market.”
Along with its shopper product, Primarily based has begun extending its core stack to energy third-party buying and selling venues, together with HyENA, a Hyperliquid-native perpetuals venue that has processed greater than $1.5 billion in quantity inside a number of months of launch.
This validates the modularity and reusability of the platform’s underlying structure.
To be taught extra, customers can comply with Primarily based on X and LinkedIn.
About Primarily based
Primarily based is a composable Net 3.0 shopper super-app.
The platform permits customers to commerce on-chain markets and entry real-world monetary utility, whereas offering modular infrastructure that may be custom-made and deployed throughout companions and merchandise.
Constructed on Hyperliquid-native foundations, Primarily based combines efficiency, composability and user-centric design to scale the subsequent era of on-chain monetary providers.
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Primarily based
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