Web3 Payment Application completes $11.5 million Series A funding, led by Pantera Capital

ZkProver · 2026-02-23T13:16:24+00:00

Web3 trading and payment applications Based completed a $11.5 million Series A funding round, led by Pantera Capital with participation from Coinbase Ventures and others. The platform has over 100,000 registered users, and the funding will support AI-driven business development and expansion into the North American market.

ZkProver

2026-02-23 13:16:24

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ChainCatcher reports that Based, a Web3 trading and payment application built on Hyperliquid infrastructure, announced the completion of a $11.5 million Series A funding round led by Pantera Capital, with participation from Coinbase Ventures, Wintermute Ventures, and Karatage.

Based states it has over 100,000 registered users, 30,000 monthly active users, a total trading volume of approximately $40 billion, and nearly $14 million in total revenue. The company plans to expand its AI-driven “agentic commerce” business and extend into the North American market. The funding round reportedly started in Q4 2025 and concluded last week. The round’s structure includes equity investment combined with token warrants.

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