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Based Raises $11.5 Million Series A Led by Pantera to Scale Its Composable Web3 Consumer SuperApp

Based raised $11.5 million from Pantera and others to scale its Web3 SuperApp, which has 100,000+ users and $40 billion in trading volume since launch.

Summary
SINGAPORE, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Funding will accelerate global expansion, deepen on-chain financial infrastructure, and position Based to become the gateway to Hyperliquid and the default financial app for on-chain users worldwide. Based, a Web3 consumer SuperApp for trading and spending crypto globally, today announced it has raised an $11.5 million Series A financing round led by Pantera, with participation from Coinbase Ventures,…

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Key news points: Panther Capital led a $11.5 million Series A round for Based, a SuperApp web3 built on Hyperliquid. The round included Coinbase Ventures, Wintermute Ventures and Karatage, and was structured as an equity with token warrants. Based exceeded 100,000 registered users, $40 billion in accumulated volume and nearly $14 million in generated revenue. Panther Capital led a $11.5 million Series A funding round for Based, a web3 trading an…

Based, a Web3 application to trade and spend cryptocurrencies, has raised USD $11.5 million in a series A round led by Panther, with the participation of Coinbase Ventures, Wintermute Ventures and Karatage. *** Based, a Web3 application built on Hyperliquid, raises millions in round of Seria A. Panthera led the collection, with the participation of Coinbase Ventures, Wintermute Ventures and Karatage. Launched in 2025, Based is a Web3 application…

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Block Telegraph broke the news in on Monday, February 23, 2026.
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