Crypto payments firm BasedApp hits $10m revenue after four years
- ByStartupStory | November 11, 2025
Crypto payments company BasedApp announced it has reached $10 million in revenue after four years of operation. Founded originally on the Terra blockchain under the name Suberra, BasedApp shifted focus to Ethereum Virtual Machine (EVM) compatible chains following Terra’s collapse in 2022. It started with stablecoin settlement products before expanding into cryptocurrency debit card services.
In July 2025, BasedApp discontinued its Visa debit card operations in Singapore to focus on its multi-platform self-custodial wallet, offering crypto transactions on the Hyperliquid platform via apps, web, desktop, and Telegram. BasedApp ranks first among Hyperliquid developers by transaction volume, processing over $29 billion in transactions since inception.
This milestone highlights BasedApp’s steady growth and pivot towards decentralized wallet services and broader global reach, emphasizing control and security for users over regulated payment services. The company plans to continue expanding partnerships and core blockchain product offerings internationally.
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