Introduction of Based Streams
Hyperliquid, the on-chain decentralized exchange specializing in perpetual contracts, released Based Streams, a livestreaming feature merging creator broadcasts with live trading interactions. The platform debuted at 12:30 UTC, with inaugural streamer @LH_0302 showcasing 500 blind boxes on screen. Developers emphasize seamless integration of on-chain data feeds, chat functions and monetization tools.
Feature Overview
Based Streams allows hosts to schedule and manage live sessions, enabling viewers to observe real-time trade execution, price charts and order book depth. A dedicated chat overlay supports community engagement, while tokenized donation mechanisms leverage the Hypercore protocol. Viewers can contribute Hypercore tokens directly to streamers, who in turn may distribute “Based Gold” tokens as incentives.
Monetization and Engagement
The built-in donation feature eliminates intermediary fees by operating entirely on-chain. Streamers benefit from transparent contribution tracking and automated reward distribution. Based Gold, a non-fungible representation of viewer loyalty, can be earned through consistent engagement and redeemed for exclusive content or platform privileges.
Technical Architecture
Under the hood, Based Streams employs a peer-to-peer WebRTC network, with Hypercore providing secure data broadcasting. The protocol ensures low-latency synchronization of trade data and chat messages. Smart contracts manage token flows, guaranteeing transparency and auditability. Hyperliquid’s scaling solutions support high-concurrency sessions without compromising performance.
Market Positioning and Roadmap
As the largest on-chain DEX by perpetual trading volume, Hyperliquid aims to differentiate through community-centered content features. Future releases plan enhanced analytics overlays, multi-streamer hosting and cross-protocol interoperability. The company anticipates greater creator adoption as decentralized media experiences gain traction.
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