Based: price, market cap and how it did against Bitcoin
Bottom line
Based closed at $0.05321 on 1 November 2026, with a market capitalisation of $12.5M (rank 1112) on 2 November 2026. On 30 October 2026 it was below its 200-day average of $0.07879. Over 90 days it is 52.6 percentage points behind Bitcoin. DEX as a theme is +0.6% against Bitcoin over 13 weeks.
Price
$0.05321
as of 2026-11-01
Market cap
$12.5M
snapshot 2026-11-02
vs Bitcoin · 90d
−52.6 pts
as of 2026-10-30
30-day median volume
—
as of 2026-10-30
What it is · from the data we hold
What is Based?
Based is a crypto token that CoinGecko lists under decentralized exchange (DEX), decentralized finance (DeFi) and derivatives. We place it in the DEX theme, with 38 coins. Its highest daily close since 3 April 2026 was $0.1647 on 16 April 2026; its lowest was $0.04385 on 14 October 2026.
01 · the tape, against its benchmark
How has Based moved against Bitcoin?
Based's one-year return is withheld because the series is incomplete. Annualised 30-day volatility is 140%. Its deepest fall from a high inside the last 90 days is 52%. It trades below its 200-day average.
BASED · rebasedBitcoinDEX · equal weight
All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.
02 · returns, volatility and drawdown
What do Based's returns and risk look like?
7 days+3.9%
30 days-20%
90 days-29%
180 days-46%
1 year—
30-day volatility140% annualised
Deepest 90-day fall52%
200-day average$0.07879 · below
50-day average$0.05997
03 · what the protocol actually earns
Does Based generate fees or revenue?
Based has no complete calendar-quarter series on file yet, so no quarterly chart is drawn. DefiLlama does publish recent daily figures for it, and the last 30 and 90 days are shown below with their end date. Network activity is evidence about the protocol, not earnings owed to the token.
Fees, last 30 days$3.3K
Revenue, last 30 days$3.3K
Fees, last 90 days$10.9K
Revenue, last 90 days$10.9K
Paid to token holders, last 30 days$0
Paid to token holders, last 90 days$0
DEX trading volume, last 30 days$0
DEX trading volume, last 90 days$583
Source: DefiLlama, daily figures summed to 2026-10-30. Fees are what users paid; revenue is the part the protocol keeps. Paid to token holders is the share of revenue DefiLlama counts as going to holders, through buybacks, burns or staking payouts. Fees and revenue are summed across 7 of its products on DefiLlama.
No complete calendar-quarter series is on file yet for Based; the recent figures above are what DefiLlama publishes today.
04 · exact additive research priority
What does the evidence say about Based?
Based is not rated this week, so it carries no score and no rank inside DEX. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.
Not rated this week, and why
No traded volume is reported on most of the last 30 days, so it has no liquidity reading.
Its price history is still shown above in full. A missing reading is not a middling reading, so no score is invented for it and it takes no rank inside DEX.
No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all, only a dated current snapshot, so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.
05 · the theme it competes in
How does Based compare with other DEX coins?
Based is one of 38 DEX coins here, 30 of which carry enough evidence to be rated and ranked. Based is not among them this week, for the reason stated above. The table below is the theme's own scorecard, in its own order, with this coin marked.
The DEX scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full DEX page.
Based is number 546 by market cap among the 604 coins with a page on this site. The 4 just larger and the 4 just smaller are listed here, each with its theme, so the comparison crosses themes. Market cap is the snapshot dated 2026-11-02.
This page names 5 ways its own evidence about Based can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-11-01; market capitalisation is a separate snapshot dated 2026-11-02.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
No valuation band exists for any coin: historical market capitalisation is not held at all.
Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsPrice through 2026-11-01; moving averages and returns through 2026-10-30, from exchange closes; moving averages are computed, never scraped.
Protocol activityNone published for this token.
Market capSnapshot dated 2026-11-02; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly
Crypto analysis FAQs
These 8 answers cover the questions this page can settle from data it holds: what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is Based?
Based is a crypto token that CoinGecko lists under decentralized exchange (DEX), decentralized finance (DeFi) and derivatives. We place it in the DEX theme, with 38 coins. Its highest daily close since 3 April 2026 was $0.1647 on 16 April 2026; its lowest was $0.04385 on 14 October 2026.
What is the market cap of Based?
Based's market capitalisation is $12.5M, ranking it 1112 in the top-1,000 crypto universe, read on 2 November 2026. It is refreshed separately from the daily price.
Is Based beating Bitcoin?
Over 90 days Based is 52.6 percentage points behind Bitcoin: its own return minus Bitcoin's. Its theme, DEX, is +0.6% against Bitcoin over 13 weeks. Based trades below its 200-day average as of 1 November 2026.
What is Based's highest price?
The highest daily close we hold for Based is $0.1647, on 16 April 2026, in records from 3 April 2026. The lowest is $0.04385, on 14 October 2026. The close on 1 November 2026, $0.05321, is 68% below that high.
Does Based have a P/E ratio?
No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.
Why is Based not rated?
No traded volume is reported on most of the last 30 days, so it has no liquidity reading. It stays on the site with its price history visible, because a missing reading is not a middling reading and a made-up score would be worse than none.
How much Based history does this page show?
Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Based actually publishes. No complete quarterly series is on file for this token yet; DefiLlama's last 30 and 90 days are shown instead.
How much did Based earn in the last 30 days?
In the 30 days to 30 October 2026, DefiLlama shows $3.3K of fees and $3.3K of protocol revenue for Based. Over 90 days: $10.9K of fees and $10.9K of revenue. Fees are what users paid; revenue is the part the protocol keeps.