Hyperliquid News Today: Hyperliquid's Based Streams Bridge DeFi and Decentralized Content Monetization

Generated by AI AgentCoin World
Friday, Oct 10, 2025 8:35 am ET1min read
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Aime RobotAime Summary

- Hyperliquid launches Based Streams, a blockchain-powered live streaming platform merging on-chain trading with real-time content creation via Hypercore and HyperEVM.

- The platform enables tokenized donations, low-latency streaming, and direct wallet-based broadcasting, leveraging Hyperliquid's 38% perpetuals market share and 70% derivatives volume.

- Based Streams' decentralized design bypasses intermediaries, with creators earning HyperCore tokens and viewers receiving "Based Gold" for participation.

- Rapid 48-hour development and $7.63M revenue from top builder Based highlight its potential to reshape DeFi-native content monetization, though regulatory challenges persist.

Hyperliquid, a leading decentralized exchange (DEX) for perpetuals trading, has launched Based Streams, a blockchain-powered live streaming platform that merges on-chain trading with real-time content creation. The platform, built on Hyperliquid's Layer 1 infrastructure, enables traders and creators to broadcast trades, engage with audiences via live chat, and facilitate tokenized donations through Hypercore, Hyperliquid's native protocol. Viewers can earn "Based Gold" for participation, while streamers receive HyperCore tokens directly from their audience CoinDesk[1].

Based Streams leverages Hyperliquid's high-speed blockchain architecture, which supports low-latency streaming and censorship-resistant video delivery. The platform integrates HyperEVM, an

Ethereum
Virtual Machine (EVM)-compatible smart contract layer, and benefits from Hyperliquid's staking and validator system, which expanded earlier in 2025 Banklesstimes[2]. This infrastructure allows for seamless, on-chain monetization, with subscription payments, tips, and pay-per-view charges processed natively via HYPE tokens. The first streamer, X user @LH_0302, opened 500 blind boxes during the platform's 12:30 UTC launch CryptoPolitan[3].

Hyperliquid, which holds 38% of the on-chain perpetuals trading market, positions Based Streams as a bridge between live content and DeFi-native monetization. The platform's revenue model aligns with its ecosystem's growth: Based, a top Hyperliquid builder, reported $7.63 million in revenue, outpacing competitors like PVP ($7.59M) and Phantom ($6.67M) HyperTracker[4]. The launch follows recent integrations, such as AskJimmy's AI-driven trading signals, further enhancing the platform's utility for yield-driven interactions Based (@BasedOneX)[5].

The platform's decentralized design removes centralized gatekeepers, allowing creators to broadcast directly from their wallets. This contrasts with traditional Web2 streaming services, which rely on intermediaries. Hyperliquid's team emphasized that Based Streams was developed in 48 hours to address community demand, underscoring its commitment to rapid iteration and user feedback Chainplay.gg[6].

Regulatory and market implications remain under observation. While the platform's transparency and programmable smart contracts aim to ensure compliance, developers noted potential challenges in balancing innovation with regulatory scrutiny, particularly around viewer-driven staking pools or event prediction derivatives TheBlock[7].

Hyperliquid's market dominance, supported by its 200,000 transactions-per-second throughput and 70% share of on-chain derivatives volume, positions Based Streams as a key player in reshaping digital content monetization. By combining social interaction with on-chain finance, the platform exemplifies the growing convergence of DeFi and decentralized media ecosystems.