Based will build on LayerZero ATLAS, a unified engine combining matching, clearing, settlement and risk, running on LayerZero's Zero blockchain with over 250,000 TPS initial capacity and sub-millisecond median latency. Zero mainnet and ATLAS are scheduled to go live on 30 November 2026, with trading available in Based's mobile app and web terminal from launch. According to the announcement, Based is the second largest wallet on Hyperliquid by volume, with more than 45,000 active addresses and over $50 billion processed to date. The author cites backing from Tether, DTCC, Citadel Securities and ARK Invest, with more details promised before launch.

AI summary of the linked source — not editorial content.

Explore the topic

Loading related coverage…

Explore the full feed

Comments

Loading comments…