BasedOneX Top 2 Revenue on HyperliquidX With Fastest Growth and No Token; $BASED Mentioned

According to @adriannewman21, BasedOneX is the second-largest revenue generator on HyperliquidX and has the highest growth rate while operating without a token, based on the author's X post dated Aug 17, 2025. According to @adriannewman21, the post also imagines a potential token labeled $BASED and includes a link for context, indicating the author's view that BasedOneX's current revenue momentum on HyperliquidX could matter if a token were introduced, per the same post dated Aug 17, 2025.
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In the rapidly evolving world of decentralized finance, a recent tweet from Adrian Newman has sparked significant interest among cryptocurrency traders. According to Adrian, BasedOneX has achieved the second-largest revenue on HyperliquidX, boasting the highest growth rate among projects on the platform—all without having launched its own token yet. This revelation, shared on August 17, 2025, highlights the project's impressive performance in the perpetual futures trading space, prompting traders to imagine the potential impact of a $BASED token launch. As an expert in cryptocurrency markets, this development presents intriguing trading opportunities, especially for those monitoring DeFi protocols and emerging tokens on platforms like HyperliquidX.
Analyzing BasedOneX's Revenue Dominance on HyperliquidX
Delving deeper into the details, BasedOneX's position as the second-highest revenue generator on HyperliquidX underscores its robust user adoption and trading activity. HyperliquidX, known for its high-performance perpetuals exchange, has seen explosive growth in trading volumes, with projects like BasedOneX driving fees through active participation in leveraged trades. Without a native token, the project's success relies purely on its utility and community engagement, achieving this milestone as of mid-August 2025. For traders, this signals strong fundamentals: high revenue growth rates often correlate with future tokenomics events, such as airdrops or launches, which could catalyze price surges in related assets. Imagine the trading frenzy if $BASED were introduced—historical precedents, like the launches of tokens on similar DEXs, have led to 50-200% short-term gains in trading pairs. Traders should watch for on-chain metrics, including daily active users and fee accrual, to gauge momentum. In the absence of real-time price data for $BASED, sentiment analysis from social channels suggests building hype, potentially influencing broader DeFi token markets.
Trading Strategies Amid Potential $BASED Token Launch
From a trading perspective, the prospect of a $BASED token introduces several strategies for savvy investors. Position traders might consider accumulating positions in correlated assets on HyperliquidX, anticipating spillover effects from BasedOneX's growth. For instance, monitoring trading volumes in perpetual contracts tied to similar DeFi projects could reveal entry points, with support levels emerging around high-liquidity zones. Scalpers could exploit volatility spikes following announcements, using technical indicators like RSI and moving averages to time trades. Given the project's highest growth rate, institutional flows may soon follow, as seen in past cases where revenue-leading protocols attracted venture capital, boosting liquidity. Cross-market correlations are key here: a surge in $BASED sentiment could uplift major cryptocurrencies like BTC and ETH, especially if global stock markets show risk-on behavior. Traders should also factor in risks, such as regulatory scrutiny on perp DEXs, which could dampen enthusiasm. Overall, this positions BasedOneX as a high-conviction play in the crypto trading landscape, with potential for significant returns if a token materializes.
Broadening the analysis, the cryptocurrency market's response to such news often mirrors stock market dynamics, where revenue growth in tech firms drives share prices. For crypto traders, this could mean exploring arbitrage opportunities between spot and futures markets on HyperliquidX. Without current market data, historical patterns indicate that projects with untapped token potential see 30-50% increases in trading volume pre-launch. Adrian's tweet, emphasizing the 'imagine' scenario, fuels speculative trading, encouraging the use of on-chain analytics tools to track wallet activities and smart contract deployments. In summary, BasedOneX's achievement without a token highlights untapped value, making it a focal point for traders seeking alpha in DeFi. As markets evolve, staying attuned to updates from figures like Adrian could unlock profitable trades, blending fundamental analysis with technical setups for optimal outcomes.
Adrian
@adriannewman21Intern @Newmangrp, @newmancapitalvc. @0xeorta. NBA trash talker. BlackRock my ex-daddy. I am in the culture, are you? Building in 2025.