Building the Hyperliquid trading super-app with Based
How Based uses Privy to power seamless onboarding and advanced performance for the best Hyperliquid trading experience
Debbie Soon
|Sep 18, 2025
Onchain trading has long struggled to balance performance with usability. Many platforms focus on liquidity and speed but lack the tools serious traders demand. Others invest in design but neglect the infrastructure that makes trading truly performance-grade.
Hyperliquid and Based have changed that equation.
As a performant Layer 1 blockchain purpose-built for onchain finance, Hyperliquid delivers:
A custom consensus protocol (HyperBFT) with one-block finality
Native trading infrastructure (HyperCore) supporting over 200,000 orders per second
An Ethereum-compatible layer (HyperEVM) for smart contracts
Builder codes on HyperCore, which is a permissionless monetization model that lets developers earn from the traffic they generate
The result is a foundation for permissionless, high-performance trading, and along with it, a new wave of builders eager to push the limits of what’s possible – uniquely utilizing builder codes, which enable any developer to build trading and other app interfaces on top of Hyperliquid’s liquidity pool and orderbook system.
Based redefined the entire trading experience and built a super-app that brings trading, spending, and community rewards together in one place.
The Based super-app experience
Built for real traders, Based isn’t just another front-end. It’s a trading super-app that combines professional trading tools with consumer-grade spending capabilities. Based provides:
Spot and perpetual futures trading with Hyperliquid’s unmatched speed and depth
Spend-anywhere utility via Visa-linked wallets, accepted at 70M+ merchants across 160 countries
Unilateral wallet access, where a single self-custodial wallet travels with the user across web, desktop, mobile, and Telegram, i.e. no fragmented accounts nor extra steps required
Advanced order types like privacy time-weighted average price (TWAP) orders, which conceal execution to minimize market impact, and trailing stops, which automatically adjust stop-loss levels to lock in gains while limiting downside.
Affiliate dashboards and XP-driven incentives designed to reward loyalty and fair volume
This focus on tools that matter shows in the results: Based traders consistently outperform other traders in the Hyperliquid ecosystem.
“We don’t just replicate what exists, we constantly push new features that give our users an edge. As a result, Based traders consistently rank among the most profitable on Hyperliquid, and that comes from building tools that matter.” — Edison Lim, Co-founder and CEO of Based
To support long-term sustainability, Based also integrates Hyperliquid’s builder codes system, a fully onchain model where apps earn fees on the trades they facilitate. Builders can set custom fees (up to 0.1% for perpetuals and 1% for spot), with users approving them directly. This gives Based a noncustodial and transparent path to monetization, without having to bootstrap liquidity, and aligns incentives between the platform and its traders.
This trader-first design not only drives profitability for Based users, but also strengthens the Hyperliquid ecosystem. In fact, Based recently accounted for 20% of the network’s 24-hour perpetuals volume.
Where Privy comes in
Building a trading super-app requires seamless user flows as well as powerful wallets.
Privy’s wallet infrastructure allows Based to onboard users in seconds with just an email. Whether a professional trader or a first-time user, anyone can create a self-custodial wallet, log in, and begin trading or spending without friction.
We’ve also learned a lot from working closely with the Hyperliquid core team, who trusted us as a wallet partner from Season 0, to ensure our SDK is uniquely tailored to their ecosystem.
All of this gets Based users up and running through:
Seamless onboarding: No seed phrases or browser extensions; just fast, email-based login.
Flexible and modular infra: A white-labeled wallet layer that preserves Based’s brand identity, and wallets that work across every platform and device.
Secure and high-performance capabilities: Low latency and programmability to support advanced trading flows and global payments.
“For Based, lowering the entry barrier is key — we want both pro traders and newcomers to access Hyperliquid’s speed and depth without friction. Privy gives us the best of both worlds: secure, non-custodial infrastructure with a smooth UX that scales.” — Edison Lim
What’s next for Based
Based is doubling down on its mission to be the default home for Hyperliquid trading and spending.
That means expanding Based Cloud, so other projects can launch their own exchanges on Hyperliquid, as well as scaling their affiliate and loyalty programs to reward its growing community. Based is also rolling out new tools across both HyperCore and HyperEVM, while strengthening the ecosystem with more partnerships, more liquidity, and more opportunities for their users.
Privy is proud to power Based’s journey as it grows from breakout builder to cornerstone of the Hyperliquid ecosystem.
