BasedoneX

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The Parasitic Growth of BasedoneX

23 Sep 2025 1 minute read 1 comment Myxoplixx

A growing rivalry has emerged between Hyperliquid and BasedoneX, and at the center of it is a surprising dynamic. BasedoneX is extracting 20% of Hyperliquid’s total trading volume, but the twist lies in how it is doing so. The project isn’t building...