TL;DR
- Community launch: Based Streams was built in just 48 hours after a user request, debuting with streamer L’s blind box event and following FLIPgo’s hackathon success, showing the project’s fast, community-first development style.
- Blockchain integration: Hyperliquid’s Layer 1 powers censorship-resistant streaming, wallet-native payments, and low-latency broadcasts, with HYPE tokens enabling subscriptions.
- Revenue milestone: Based leads, Hyperliquid builder revenue at $7.63M, surpassing rivals like PVP, while expanding with AI-driven trading tools and positioning itself at the intersection of DeFi, content, and growth.
Omnichannel trading platform Based has unveiled Based Streams, a Hyperliquid-powered live streaming service designed to merge decentralized finance with interactive content. The launch highlights the platform’s rapid innovation cycle, community-driven ethos, and ambition to redefine how creators and traders engage audiences in real time.
Introducing Based Streams – The First Hyperliquid powered Live Streaming platform.
Create and host your own livestreams. Schedule sessions, engage in live chat, and showcase your trades in real time while connecting with your community.
Our Donations infrastructure is built on… pic.twitter.com/ijlEdeqwiG
— Based (@BasedOneX) October 10, 2025
Community-Driven Launch and Early Streamers
Based Streams was developed in just 48 hours after a community request, underscoring the team’s agile approach. The first live session debuted with streamer L (@LH_0302) at 12:30 UTC, featuring 500 blind box openings. The initiative builds on momentum from FLIPgo, a Hyperliquid hackathon winner that hosted the first livestream.
The platform has invited more streamers to join through its official X account, emphasizing that the project was created “for the fun of it” while showcasing the strength of its community alignment.
Hyperliquid Blockchain Integration
The platform leverages Hyperliquid’s Layer 1 blockchain, known for supporting perpetual swaps trading and high-speed DeFi applications. This integration enables censorship-resistant, low-latency video streaming while removing centralized gatekeepers. Streamers can broadcast directly from their wallets, with subscription payments, tips, and pay-per-view charges supported natively in HYPE tokens. Hyperliquid’s validator system and EVM-compatible smart contract layer further enhance scalability and security.
Monetization and Viewer Rewards
Based Streams introduces a donations infrastructure built on Hypercore, allowing streamers to receive HyperCore tokens directly. Viewers are incentivized with Based Gold for tuning in, while micro-rewards for participation and curation are under community review. The model aims to bridge live content with DeFi-native monetization, offering yield-driven experiences that differentiate it from traditional Web2 platforms reliant on advertising and algorithms.
Market Position and Future Outlook
According to HyperTracker, the platform now ranks first in Hyperliquid builder revenue, generating $7.63M compared to PVP’s $7.59M. Other projects like Phantom, Insilico, and Axiom trail behind. The launch follows Based’s integration of the AskJimmy AI MiniApp, which delivers real-time trading signals and automated execution. As Hyperliquid maintains nearly 38% of the perpetuals DEX market, Based Streams positions itself at the intersection of decentralized trading, content creation, and community-driven growth.
