Hyperliquid, the decentralized exchange known for its on-chain perpetuals market, has unveiled Based Streams, a livestreaming platform that fuses live content with real-time trading activity.
Real-Time Streams, Transparent Trades
Based Streams lets creators schedule and host live broadcasts, engage in chat, and overlay their on-chain trades directly during the stream. Viewers can actively participate by sending token donations via the Hypercore protocol, while earning a new reward called “Based Gold” simply by tuning in.
Introducing Based Streams – The First Hyperliquid powered Live Streaming platform.
Create and host your own livestreams. Schedule sessions, engage in live chat, and showcase your trades in real time while connecting with your community.
Our Donations infrastructure is built on… pic.twitter.com/ijlEdeqwiG
— Based (@BasedOneX) October 10, 2025
The inaugural stream went live today (12:30 UTC), with streamer @LH_0302 opening 500 blind boxes on camera to showcase the platform’s capability.
Under the Hood: Hyperliquid Infrastructure
Based Streams is built on Hyperliquid’s Layer 1 blockchain, leveraging HyperEVM and validator architecture. Because it sits natively on the blockchain, the platform aims for censorship resistance, low latency, and direct wallet-based broadcasting.
Unlike legacy streaming services, creators don’t rely on intermediaries. Subscriptions, tips, and pay-per-view fees are settled using native HYPE tokens, and payments are processed directly between viewer wallets and broadcasters.
A New Frontier in Social Trading
By merging DeFi and content, Based Streams hopes to anchor community engagement to yield-driven experiences. Traders become creators, and audiences become participants.
In effect, it turns live trading into a social experience where transparency, financial incentives, and entertainment converge.
Still, adoption will be key. Success depends on whether traders and creators embrace this hybrid format and whether audiences will migrate from traditional platforms to this more open, permissionless model.
If Based Streams gains momentum, it may herald a new wave of hybrid platforms that redefine content, trading, and community under a unified decentralized architecture.
