Based has launched Based Streams, the first content platform built atop Hyperliquid’s infrastructure, fusing decentralized finance with real-time video broadcasting.
The launch represents the convergence of perpetual decentralized exchange tech and digital content distribution for a rapidly growing on-chain audience.
Based Streams utilizes Hyperliquid’s Layer 1 blockchain, a network recognized for supporting high-speed decentralized finance applications and perpetual swaps trading.
Hyperliquid’s architecture, renowned for processing millions in daily trading volume and executing rapid transaction settlement, enables the streaming service to offer low-latency, censorship-resistant video.
The integration relies on HyperEVM, Hyperliquid’s EVM-compatible smart contract layer, and benefits from a robust validator and staking system that saw validator node expansion earlier in the year.
Based Streams Facilitates Decentralized Content
Unlike conventional Web2 streaming sites, Based Streams removes centralized gatekeepers, letting broadcasters go live directly from their wallets.
Payments for subscriptions, pay-per-view, and tips take place natively on the Hyperliquid blockchain in HYPE tokens, mirroring the economic design used to maintain the Hyperliquid decentralized exchange’s community-first ethos.
The platform’s native wallet authentication and the ability for viewers to earn micro-rewards for active participation in on-chain chat and curation have garnered early community feedback.
Industry Context
Hyperliquid’s capital inflows and ecosystem growth, including the integration of NFT, social, and DeFi apps throughout 2025, coincide with the launch. Based Streams’ founders argue that the platform’s open protocol removes barriers for rising creators, allowing for algorithm-free content discovery and eliminating invasive advertising practices.
The streaming model also sparks regulatory conversations, with developers citing the importance of programmable, public smart contracts for compliance and transparency.
Based Streams arrives as decentralized social and video projects compete for digital native audiences migrating from mainstream platforms. Hyperliquid’s backing, including a history of large-scale airdrops and builder incentives, is expected to expand the streaming venue’s development pool.
Observers are watching whether the project will inspire derivatives for live event prediction or viewer-driven staking pools, use cases unique to programmable financial blockchains like Hyperliquid.
Based Streams stands as a test case for real-time, permissionless broadcasting over DeFi rails, offering an early glimpse into how blockchain-native infrastructure might reshape the digital media landscape in the years ahead.
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