Based

BASED Rank #1054

$0.0623▼ 4.74%24h

Low $0.0638High $0.0662

Price chart

Loading price history…

Market cap$14.66MRank #1054

Fully diluted value$62.40M

Volume (24h)$4.17MVol / Mcap 28.45%

Circulating supply235.00M23.5% of max

Total supply1.00B

Max supply1.00B

All-time high$0.3216Apr 16, 2026

All-time low$0.0501Apr 11, 2026

What is Based?

Platform

Based combines crypto, equity and commodity trading interfaces with payment products. Its markets settle through Hyperliquid, while users operate from self-custodial wallets. The product is available across web and mobile interfaces. Trading generates platform fees through a Hyperliquid builder code. The payments business additionally earns card interchange and foreign-exchange income. The ecosystem also includes AI tools and research products for traders.

Token allocation

The Based Foundation issues BASED with a fixed total supply of one billion tokens. The token generation event took place on March 30, 2026. Genesis distribution accounts for 36% of supply, including community and Ethena-linked allocations. Ecosystem rewards receive 23.64%, investors 20.36% and core contributors 20%. Investor and contributor allocations have a one-year lock followed by two years of monthly unlocks. Holding or staking BASED connects to platform benefits such as fee discounts, card tiers and eligible cashback. In May 2026, the foundation announced a gradual reduction of staking emissions toward 20 million tokens annually. It intends revenue-funded buybacks to support that reward budget, while additional launchpool and governance functions remain subject to product rollout.