Compare BasedApp and EigenCloud on TVL, fees, revenue and activity to understand how these projects stack up.
BasedApp is an omnichannel crypto trading and spending platform built on Hyperliquid, the leading decentralized exchange offering best-in-class liquidity. It enables users to trade spot and leveraged crypto assets with real-time settlement on decentralized order books, while maintaining full self-custody — BasedApp never holds or transfers your funds. The platform also integrates smooth banking on- and off-ramps in USD and SGD, alongside a Visa card for everyday crypto spending. Backed by Ethena Labs, BasedApp bridges DeFi performance with fintech usability, giving traders and investors a seamless way to manage, trade, and spend their assets across the Hyperliquid and HyperEVM ecosystems.
EigenLayer is a restaking marketplace on Ethereum that lets ETH validators and LST holders opt‑in to provide crypto‑economic security to external ‘Actively Validated Services’ (AVSs). Participants earn additional yield by subjecting their stake to slashing conditions defined by each module, creating a shared‑security layer similar to Polkadot’s parachains. Mainnet restaking went live in April 2024, and over 4 million ETH had been opt‑in restaked by Q2 2025.