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...