BlockBeats News, September 15th, Ethena announced that “After announcing a strategic investment and partnership in the Hyperliquid-based full-channel trading platform Based, Based’s revenue has quadrupled in one week, currently accounting for approximately 20% of Hyperliquid’s 24-hour perpetual contract trading volume.”
Prior to this, on September 8th, Ethena announced a strategic investment and partnership with Based to continue supporting the Hyperliquid ecosystem. Based currently accounts for approximately 7% of Hyperliquid’s perpetual contract trading volume. Through this collaboration, Based will become a key partner driving the adoption of USDe, USDtb, and other unreleased Ethena products on Hyperliquid.
