Good heavens! Based, that most industrious builder codes platform-responsible for nearly 7% of Hyperliquid’s perpetual futures volume-has received a strategic slap on the back (read: investment 💰) from Ethena Labs! If coins were coins and men were men, the drama would surely merit a stage of its own.
- Based brings robust vigor-almost 7% of Hyperliquid’s daily perps volume! Now, with Ethena’s coins jingling in their purse, they vow to usher in the age of the USDe stablecoin. 🎭
- With an eye-popping $12.8 billion market cap, USDe prances in as the third-largest stablecoin, trailing only the monarchical USDT and USDC. Let the peasants rejoice-unless, of course, you own neither. 🫣
Based (did someone say “base” comedy?), the grand architect of digital commerce on Hyperliquid, now boasts a fresh injection of Ethena’s coinage to fuel the mighty USDe stablecoin on the platform. No sooner had the ink dried than Based declared on X (née Twitter): “We believe USDe may wield great influence within Hyperliquid, and why shouldn’t we be its chosen herald?” One can almost hear the champagne corks popping (silently-regulatory reasons, of course).
Ethena Labs, never to be outdone in the purse-string jingle, asserted the partnership will seat Based at the royal table of USDe, USDtb and a host of still-unveiled (read: mysterious, intriguing, maybe slightly dubious) Ethena wares soon to burst onto the Hyperliquid scene. The drama never ends!
USDe-Does This Coin Know No Bounds?
Enter Ethena’s USDe stablecoin-no stranger to gossip or glamour. Fresh off its FalconX integration (to the delight of brokers everywhere), USDe now lets the sophisticated institutional folk trade, store, and collateralize to their heart’s content. One almost expects a masked ball where everyone holds up a ledger.
No Telegram? No problem! USDe pirouetted onto the Telegram Open Network stage, available in the built-in wallet and a handful of third-party TON wallets, because even crypto needs a place to gossip. If you blink, you might miss its next appearance-perhaps on a tap-dancing NFT marketplace or in your grandmother’s sewing kit.
The coin’s market cap surges at $12.8 billion, securing the bronze medal in stablecoin popularity. It trails the titan twins, USDT and USDC, but stands tall (well, as tall as a coin can stand). Applause, applause-unless you bet against it, in which case, dramatic sigh. 😏
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2025-09-08 15:18