You Won’t Believe How Pantera is Changing the Crypto Game with $11.5M!

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Finance

What to know:

  • Well, hold onto your hats! Based, that sprightly little Web3 consumer app for trading and spending crypto, has just wrangled an impressive $11.5 million in a Series A round led by none other than Pantera-bless their generous hearts! They’ve got company too, with Coinbase Ventures, Wintermute Ventures, and Karatage joining the soirée.
  • The fine folks at Based have declared that this fresh pile of cash will be scattered like confetti as they expand into new markets and build out their onchain financial infrastructure. Because, you know, who doesn’t want more places to spend their digital treasure?
  • Now here’s the kicker: Based has concocted a delightful brew of perpetuals trading, prediction markets, and real-world crypto spending all neatly tucked into one user-friendly interface. Talk about convenience-if only it came with a complimentary cup of coffee!

As the story goes, Based has been around for a mere eight months-a relative baby in the vast world of crypto. But in that short time, they’ve managed to combine all these fancy features, built right on Hyperliquid’s execution environment. It’s like giving a race car a comfy backseat for everyday folks.

And that’s not all, folks! Beyond their snazzy app, Based is also sprinkling their technological pixie dust to power third-party venues, such as HyENA, which is a Hyperliquid-native perpetuals platform. It’s like a family reunion of crypto goodness!

Co-founder and CEO Edison (and let’s be honest, don’t we all want to be on a first-name basis with him?) chimed in, “Most crypto products today are built for traders or builders, not for everyday people who want a complete financial life onchain.” Preach, 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.” And isn’t that just the dream? A world where buying what you need doesn’t feel like entering an obstacle course!

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2026-02-23 16:37