Today, I attended the @BasedOneX & @EthenaKorea meetup in Korea.
The @BasedPalsNFT video at the entrance of the meetup venue was super cute! ๐พ
It was clear that the Based teamโs achievements over the past 6 months have laid the foundation for remarkable growth. @shu_bit_ from the Based team gave the presentation, covering key updates below.
Highlights from the BasedOne Meetup:
1๏ธโฃ BasedMall officially launched
2๏ธโฃ Solana meme coin launchpad & marketplace coming soon
3๏ธโฃ VVIP card with unlimited cashback on the way ๐ณ
4๏ธโฃ Impressive VC lineup revealed soon
5๏ธโฃ TGE to happen after VCs announce & market digests the news
I got the distinct impression that the team is still building day and night. They strongly emphasized their strategy to position Based as a "Super App" to drive new user inflows. Personally, I find the launch of BasedMall and the expansion into Solana meme coin trading to be very encouraging.
While I didn't get the specific VC details I was most looking forward to today, it gave me time to reflect on valuation.
People typically categorize BASED as just a Perp DEX and try to project its FDV based solely on trading volume.
However, as the team consistently highlights, they are positioning themselves as a comprehensive Super App (of Hyperliquid).
Therefore, I believe it is premature to estimate FDV based on volume alone.
With Based Cloud, BasedMall, and Prediction Markets, they are already solidifying their foundation as a Super App.
VCs will likely evaluate the project by aggregating the value of all these diverse verticals. That is why the upcoming VC reveal will be the most critical piece of news ahead of the TGE.
Despite the market downturn, I wish for Basedโs continued steady growth.
A heartfelt thank you to the Based team and Ethena Korea team for all their hard work in organizing the meetup.๐๐๐
"Trade Everything, Spend Everywhere"
Trade Everything, Spend Everywhere
A few months ago, I penned the initial thoughts of what @BasedOneX will be. https://t.co/QY9uri9avO
Based is the everything app. We allow people to trade everything, spend everywhere.
While perps trading has brought Based to where it is now, the future is more than crypto perps. Today, we have integrated with Equities (Unit) and Prediction Markets (Polymarket). Based has built a revolutionary new perp DEX (Hyena) together with @ethena that allows users to earn rewards on their collateral, which unlocks new trading strategies. HyENA will be open to the public with many new markets. Several teams are also working with Based to unlock new interesting markets.
Our mission is far from complete. 2026 is an amazing time as we continue to accelerate adoption of Based as the everything app for trading, money, and commerce.
S2 has just ended, and we are preparing for the next chapter. The journey ahead will not be easy, but necessary if we want to build a financial powerhouse that houses everything the user wants to trade.
This is the moment where we define what the Based community truly stands for. From the beginning, Based has been shaped by the people who stayed when it was early, uncertain, and unfinished. We are grateful to those who have been with us since the start, not as users, but as partners in what we are building.
As we move into the next stage, this is our opportunity to be deliberate about who we are. To define what "Based" means, not just as a product, but as a community.
What comes next will be built with those who share that belief.
Stay Based.
Trade everything, spend everywhere - all on Based.
The Future is Based.
Powered by @HyperliquidX & @Polymarket.
#1 Hyperliquid Builder Volume - $35B
#1 Daily Polymarket Builder Users
Get started with Based today ๐๐ป
๐ฅ๏ธ: https://t.co/OyMv7fhI8D
๐ฑ: https://t.co/mmnb95WwBb
๐ค: https://t.co/clOVNxNkcH
P.S. Like & RT if you think our new site looks Based.
And here we go โ welcome to Day 1 of Based 7 Days of Xmas. Weโre starting simpleโฆ but essential.
๐ Day 1 Challenge
1) Quote tweet this post
2) Tag a fellow Pal & wish them โMerry Xmas from all of us at Basedโ in your native language
3) Use #BASEDXMAS
๐ฒ 3 winners chosen at random
โค๏ธ But if an entry truly stands outโฆ it might just win our hearts and who knows.. it is the season of giving after all ;)
๐ Presents to be won
๐ฅ 1st: 6 Blind Boxes
๐ฅ 2nd: 4 Blind Boxes
๐ฅ 3rd: 2 Blind Boxes
Merry Day 1 Xmas Pals ๐โจ
Let the cheers begin!
โณ24 hours
And here we go โ welcome to Day 1 of Based 7 Days of Xmas. Weโre starting simpleโฆ but essential.
๐ Day 1 Challenge
1) Quote tweet this post
2) Tag a fellow Pal & wish them โMerry Xmas from all of us at Basedโ in your native language
3) Use #BASEDXMAS
๐ฒ 3 winners chosen at random
โค๏ธ But if an entry truly stands outโฆ it might just win our hearts and who knows.. it is the season of giving after all ;)
๐ Presents to be won
๐ฅ 1st: 6 Blind Boxes
๐ฅ 2nd: 4 Blind Boxes
๐ฅ 3rd: 2 Blind Boxes
Merry Day 1 Xmas Pals ๐โจ
Let the cheers begin!
โณ24 hours
HOHOHO PALS๐
Some say Christmas magic appears for those who stay Based.. so let's put that to the test shall we?
Weโre kicking off 7 Days of Based Xmas Challenges. Unwrap a new challenge every day with many, many presents to be won and given out ๐
Tis the season to be merry pals! First challenge coming tomorrow so..
โ๏ธFollow us now and stay tuned!
Let's sleigh ๐ท
#BASEDXMAS
Introducing streaming on Prediction.
We are the first @Polymarket powered prediction experience with rich-media support, embedding live and relevant content directly inside each market.
Over time, we will continue expanding rich-media coverage across major sports events and key Mention markets to create the most immersive prediction experience on mobile.
Stay Based.
To encourage more trading volume on HIP-3, we will be applying a 80% builder fee reduction for all Growth Mode perpetual markets.
๐ธ Applies to all HIP-3 assets (XYZ, FLX and others)
๐ธ Discount is automatically applied when a HIP-3 deployer enables Growth Mode
๐ธ Builder fee reduced from 0.025% to 0.005%
Based Prediction Markets
In partnership with @Polymarket, the Based team will be launching prediction market access to users of Based. This manifests as a highly performant and intuitive way for users to trade prediction markets across iOS, Android, and our Web terminal product.
Utilising Polymarket's deep liquidity and robust settlement, we carve out a new market segment for our users to trade. This is built in deep integration with Hyperliquid's hypercore to allow users to easily move funds in and out of their Perpetual accounts into Prediction Market account.
The @BasedPalsNFT will also receive an unique utility in-line with our agentic trading roadmap in partnership with Polymarket.
With the integration of Prediction Market access, we diversify and increase Based's revenue streams as we move ahead into our eventual TGE. In order to grow our Prediction Market business, the Based team will be setting aside 2mil Based Gold every epoch (starting #14) for Based users who trade on our Prediction Markets.
Stay Based.
Celebrating your highs, surviving all lows.
Level by level, thereโll always be a #BASEDAF Pal with you, every step of the way to the top.
Say hello very soon ;)
(tomorrow)
Gbased ๐ค
Happy Halloween! ๐
To thank everyone who loves Yooldo, weโre giving out FREE Halloween phone wallpapers! ๐ฑ๐ธ๏ธ
Retweet and share these spooky wallpapers with your friends! ๐ป
Trick or Treat! ๐ฌ
#eSports#yooldo#Halloween#Halloween2025#freewallpaper