[Based Completes $11.5 Million Series A Financing, Led by Pantera Capital] According to The Block, Based, a Web trading and payment application built on Hyperliquid infrastructure, announced the completion of an $11.5 million Series A financing round, led by Pantera Capital, with participation from Coinbase Ventures, Wintermute Ventures, and Karatage. Based stated that it has over 100,000 registered users, 30,000 monthly active users, a cumulative trading volume of approximately $40 billion, and total revenue of nearly $14 million. The company plans to expand its AI-driven 'agentic commerce' business and enter the North American market. It is reported that this financing round was initiated in Q4 2025 and concluded last week. The structure of this round includes equity investment and token warrants.