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Cryptocurrency payment company BasedApp announced that over the past four years since its establishment, its revenue has reached $10 million, and transaction volume has surpassed $29 billion. The company was initially founded under the name Suberra on the Terra blockchain, but pivoted to Ethereum Virtual Machine (EVM)-compatible chains after Terra's collapse in 2022. BasedApp initially launched a stablecoin settlement product before transitioning to offer cryptocurrency debit card services, which it announced discontinuing in Singapore this July. Currently, BasedApp provides a multi-platform wallet, allowing users to trade cryptocurrencies on the Hyperliquid platform via app, web, desktop, and Telegram. BasedApp stated that it ranks first among developers on the Hyperliquid platform in terms of transaction volume.