Web3 trading and payment application Based, built on Hyperliquid infrastructure, has raised $11.5 million in a Series A funding round led by Pantera Capital. Other participants include Coinbase Ventures and Wintermute Ventures. The funding round involves equity investment with token warrant structures, though the valuation remains undisclosed. Based reports having over 100,000 registered users and 30,000 monthly active users, with a cumulative trading volume of approximately $40 billion and total revenue nearing $14 million. The company plans to expand its AI-driven "agentic commerce" business and enter the North American market.