Hyperliquid News Today: Hyperliquid's Based Streams Disrupt Web2 Streaming with Tokenized Monetization

Hyperliquid, a leading decentralized exchange (DEX) for perpetual trading, has launched Based Streams, a live streaming platform designed to integrate real-time trading interactions with creator content. The platform, built on Hyperliquid's L1 blockchain and Hypercore protocol, enables users to broadcast trades, engage in live chats, and accept token donations. Viewers can earn "Based Gold" for participation, creating a yield-driven monetization model for creators. The service went live on October 10, 2025, at 12:30 UTC, with X user @LH_0302 hosting the inaugural stream, which included opening 500 blind boxes Hyperliquid Introduces 'Based Streams,' a DEX-Powered Live Streaming Platform^[1].

Based Streams leverages Hyperliquid's EVM-compatible smart contract layer and HyperEVM to deliver low-latency, censorship-resistant streaming. The platform's architecture supports native transactions in HYPE tokens for subscriptions, tips, and pay-per-view features, eliminating intermediaries Based introduces Hyperliquid-powered live streaming platform^[2]. Hyperliquid's co-founder credited FLIPgo, a hackathon winner, for hosting the first stream, underscoring community-driven development. The team emphasized rapid deployment-completed in 48 hours-to meet user demand, though early feedback highlighted the need for further refinement in wallet authentication and reward mechanisms Based introduces Hyperliquid-powered live streaming platform^[2].

Hyperliquid's market dominance, with 38% share in on-chain perpetual trading, positions Based Streams to expand its ecosystem. The platform aims to bridge DeFi-native monetization with live content, fostering a decentralized alternative to Web2 streaming services. Revenue data from HyperTracker shows Based leading Hyperliquid builders with $7.63 million in earnings, outpacing competitors like PVP ($7.59 million) and Phantom ($6.67 million). Recent integration of AskJimmy AI's trading signals further enhances the platform's utility for real-time strategy sharing Based introduces Hyperliquid-powered live streaming platform^[2].

The launch aligns with broader trends in decentralized social platforms, where audiences seek transparency and algorithm-free content. While regulatory discussions around compliance and transparency remain open, Hyperliquid's founders argue the model reduces barriers for creators and eliminates intrusive advertising. The team is monitoring potential derivatives like viewer-driven staking pools or event predictions to further innovate the space Based introduces Hyperliquid-powered live streaming platform^[2].