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The crypto payment company BasedApp states that after four years of operation, its revenue has reached 10 million USD.
PANews November 11th reported that according to Techinasia, cryptocurrency payment company BasedApp announced that after four years of operation, its revenue has reached $10 million, with transaction volume surpassing $29 billion. The company was originally founded under the name Suberra on the Terra blockchain. After the Terra collapse in 2022, it shifted to an Ethereum Virtual Machine (EVM)-compatible chain. Initially, BasedApp developed a stablecoin settlement product, then transitioned to offering cryptocurrency debit card services, and in July of this year, announced it would cease the debit card business in Singapore. Currently, the company provides a multi-platform wallet that supports users to trade cryptocurrencies on the Hyperliquid platform via app, web, desktop, and Telegram. BasedApp stated that, by trading volume, it ranks first among developers on the Hyperliquid platform.