Based Streams, the new pay-to-view live trading platform powered by Hyperliquid and Ethena, launches

Based Streams, backed by Hyperliquid and Ethena Labs, debuts as the first streaming platform that pays users to watch live trading with on-chain rewards.

The crypto ecosystem is adding a new project with the launch of Based Streams, an innovative live streaming platform that combines real-time trading, social interaction, and on-chain rewards. 

This new platform, backed by Hyperliquid and Ethena Labs, seeks to transform the relationship between financial content creators and their audiences, offering a model in which Both streamers and viewers receive economic benefits. 

The official announcement of Base Streams was made through a post on X, where the developers presented the initiative as “the first live streaming platform powered by Hyperliquid.”

Base Streams, a platform that unites finance and entertainment

Based Streams is presented as a space where users can organize live broadcasts to showcase real-time trades, interact with their communities, and schedule open trading sessions. Unlike traditional streaming services, the new platform directly integrates on-chain activity, allowing the displayed trades to be verifiable and transparent.

Additionally, Based Streams' monetization system is one of the core elements. The donation infrastructure is built on top of Hypercore, a protocol that enables direct token transfers between viewers and streamers. This means that content creators can receive tips in Hypercore tokens without intermediaries, while users who watch the streams have the opportunity to earn rewards called “Based Gold”This mechanism turns the experience of watching trading into an activity that not only entertains but also generates economic value for both parties.

The official launch took place on October 10, with a inaugural broadcast by user @LH_0302, who opened 500 surprise boxes or blind boxes Live. This event sought to capture the community's attention and set the tone for what the platform aims to offer: live shows that combine trading, entertainment, and on-chain rewards.

Hyperliquid and Ethena Labs support Base Streams

The new platform is supported by Hyperliquid, a decentralized exchange that has gained notoriety for its high-speed infrastructure and focus on crypto derivatives. Hyperliquid has positioned itself as an alternative to centralized exchanges, offering deep liquidity and fast execution in a non-custodial, non-intermediary environment. Its participation in Based Streams provides technical credibility and ensures that trades displayed on the platform can seamlessly integrate with an expanding decentralized market.

For its part, Ethena Labs is known for developing USDe, a derivatives-backed synthetic currency that seeks to offer stability. Ethena's participation in Based Streams reinforces the narrative that the project is not just an entertainment experiment, but also an attempt to consolidate new forms of financial interaction on the Web3. 

For experts, the backing of these two entities places Based Streams at a crossroads between digital entertainment and innovation in digital financial infrastructure. In other words, the combination of Hyperliquid and Ethena Labs brings double value. On the one hand, it ensures that the platform has solid and scalable technological support. On the other, it connects the project to a broader narrative about the evolution of decentralized markets and the pursuit of sustainable models of community engagement.

Base Streams proposes a new model to reinvent the attention economy

The launch of Based Streams reflects a growing trend in the crypto ecosystem: the convergence of digital entertainment and decentralized finance. Platforms like Twitch and YouTube have demonstrated the power of streaming in community building, but their monetization model relies on intermediaries and advertising. Based Streams proposes a different approach, where interaction translates into direct transfers of value and where viewers are rewarded for their time.

This platform's approach raises questions about the future of the attention economy in the financial sector. If watching live trading can become a paid activity, the incentive to participate in crypto communities increases. At the same time, the transparency of on-chain transactions offers a level of trust that other financial content formats don't always guarantee.

However, the challenge for Based Streams will be to sustain interest beyond the initial enthusiasm. The platform will need to demonstrate that it can attract both experienced traders and broader audiences, and that the rewards model is sustainable over time. The participation of Hyperliquid and Ethena Labs offers a solid starting point, but adoption will depend on the platform's ability to generate engaging content and maintain a steady stream of active users.

The new frontier of streaming: DeFi, viewership, and real-time rewards

The debut of Based Streams marks a further step in the integration of decentralized finance and digital culture. By offering a space where trading becomes a spectacle and audiences receive incentives for participating, the platform seeks to redefine the relationship between creators and viewers in the crypto ecosystem.

The proposal combines elements of transparency, direct monetization, and gamification, making it a relevant experiment to watch in the coming months. If it manages to consolidate an active community and maintain a sustainable economic model, Based Streams could become a benchmark at the intersection of streaming and decentralized finance.

The launch, announced at X and supported by Hyperliquid and Ethena Labs, not only introduces a new platform, but also opens the door to a broader conversation about how digital communities are built and sustained around trading and the on-chain economy.