Key Takeaways
- Hyperliquid launched Based Streams, a live streaming platform powered by its decentralized exchange (DEX).
- Creators can stream trades, chat live, and receive crypto donations through the Hypercore protocol.
- Viewers can earn rewards such as “Based Gold” while engaging with streamers.
A New Era of Trading Meets Entertainment
Based Streams is a new product from Hyperliquid, one of the top decentralized exchanges in the cryptocurrency market. The platform gives creators and traders a common area to communicate in real time by fusing live broadcasting with on-chain trading. It combines social interaction and trade activity in one location, making it more than simply another streaming tool.
With this function, users can broadcast live, talk with viewers, and display their trades right on screen. For traders as well as viewers who like to follow cryptocurrency information, it makes the experience more transparent and interactive.
Based Streams works through Hyperliquid’s core infrastructure, known as Hypercore. The system allows streamers to accept token donations from viewers during their broadcasts. These tokens move directly through the blockchain, removing the need for intermediaries. Viewers can also receive “Based Gold,” a reward given to those who join and stay engaged during streams.
Source: X
The process feels similar to popular platforms like Twitch or YouTube Live, but with a DeFi twist. Every action, from donations to rewards, runs on-chain. This makes transactions transparent and verifiable, fitting perfectly into Hyperliquid’s decentralized ecosystem.
Features for Streamers and Traders
The tool is unique due to a number of features. Real-time audience interaction, session scheduling, and overlaying of trading activity are all available to streamers. With this configuration, authors can demonstrate trade proof, reveal their strategies, and gain followers’ trust.
At the same time, traders can use streams to teach, discuss market trends, or showcase their portfolios. For viewers, it turns crypto trading into a form of live entertainment. Instead of just watching price charts, people can now follow real traders making real moves on-chain.
Hypercore plays a key role in how Based Streams handles monetization. The system lets fans send tokens directly to streamers without relying on centralized platforms. This model keeps transactions transparent and ensures creators receive their full earnings.
The use of Hypercore also adds a community-driven aspect. Viewers can participate through donations and engagement rewards, helping streamers grow their audience while making the viewing experience more interactive.
“Based Gold,” the engagement reward, encourages users to stay tuned and support their favorite creators. It’s a small but smart addition that helps drive participation and loyalty.
Source: X
Launch Event and First Streamer
The platform officially goes live at 12:30 UTC today. To mark the launch, Hyperliquid invited a well-known user, @LH_0302, to host the first live session. The event includes the opening of 500 blind boxes on stream—a fun and engaging way to showcase what Based Streams can offer.
This debut stream sets the tone for future events, combining real-time interaction, trading excitement, and DeFi-powered engagement. It’s a preview of how the platform could evolve into a space where trading meets community-driven entertainment.
Hyperliquid already holds a strong position in the crypto landscape. It is the largest on-chain decentralized exchange for perpetuals trading, handling around 38% of the total market. That level of dominance gives the project a strong foundation to expand beyond pure trading.
By adding a social and interactive layer through Based Streams, Hyperliquid continues to build an ecosystem that connects traders, creators, and viewers. It’s a move that could bring more personality and accessibility to the world of DeFi.
Based Streams is more than a side feature—it’s a sign of how decentralized platforms are evolving. Instead of focusing only on numbers or market performance, Hyperliquid is exploring how crypto can connect people through live, shared experiences.
This blend of streaming, real trading, and token-based engagement could create a new kind of online community—one where content, education, and trading meet in real time. It’s a big step toward turning crypto trading into something social, transparent, and rewarding for everyone involved.
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