BitcoinWorld Unstoppable FUN Token Sale: Coinbase’s Sport.Fun Hits $90M Milestone The on-chain sports world is buzzing with a major announcement. Sport.Fun, the consumer app dominating Coinbase’s Base network, has revealed plans for its highly anticipated FUN token sale. This move follows a period of explosive growth, making it a pivotal moment for fans of crypto and sports alike. What is Driving the FUN Token Sale? […] This post Unstoppable FUN Token Sale: Coinbase’s Sport.Fun Hits $90M Milestone first appeared on BitcoinWorld.BitcoinWorld Unstoppable FUN Token Sale: Coinbase’s Sport.Fun Hits $90M Milestone The on-chain sports world is buzzing with a major announcement. Sport.Fun, the consumer app dominating Coinbase’s Base network, has revealed plans for its highly anticipated FUN token sale. This move follows a period of explosive growth, making it a pivotal moment for fans of crypto and sports alike. What is Driving the FUN Token Sale? […] This post Unstoppable FUN Token Sale: Coinbase’s Sport.Fun Hits $90M Milestone first appeared on BitcoinWorld.

Unstoppable FUN Token Sale: Coinbase’s Sport.Fun Hits $90M Milestone

2025/12/11 09:25
4 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

BitcoinWorld

Unstoppable FUN Token Sale: Coinbase’s Sport.Fun Hits $90M Milestone

The on-chain sports world is buzzing with a major announcement. Sport.Fun, the consumer app dominating Coinbase’s Base network, has revealed plans for its highly anticipated FUN token sale. This move follows a period of explosive growth, making it a pivotal moment for fans of crypto and sports alike.

What is Driving the FUN Token Sale?

Sport.Fun isn’t just launching a token; it’s capitalizing on proven success. The platform recently announced staggering metrics: $90 million in cumulative trading volume and $10 million in revenue. These numbers signal strong user adoption and a working economic model. Therefore, the decision to launch the FUN token sale is a logical next step to decentralize and grow its ecosystem further.

How Did Sport.Fun Become a Base Network Leader?

Sport.Fun has carved out a unique niche by blending fantasy sports with blockchain technology. Its core offering is an on-chain prediction economy where users can engage with tokenized player assets. This innovative approach has made it the top consumer application on the Base network, a Layer-2 solution backed by Coinbase. The platform’s expansion into the NFL and imminent plans for the NBA show a clear roadmap for mainstream sports integration.

Why is the Coinbase Backing a Big Deal?

A recent investment from Coinbase Ventures adds significant credibility. This endorsement from a major crypto exchange suggests confidence in Sport.Fun’s vision and execution. For potential participants in the FUN token sale, this institutional support can be a reassuring factor regarding the project’s long-term viability and potential for exchange listings.

Where and How Can You Participate in the Sale?

The FUN token sale is strategically planned across two platforms to maximize accessibility:

  • Legion: This Web3-native presale platform caters to the crypto-savvy community.
  • Kraken: A major centralized exchange, providing a familiar gateway for a broader audience.

This dual approach demonstrates Sport.Fun’s intent to bridge traditional crypto users and newcomers. However, always remember to conduct your own research and understand the risks involved in any token sale.

What Does the Future Hold for Sport.Fun?

The launch of the FUN token is more than a fundraising event; it’s the key to unlocking the platform’s full potential. The token will likely fuel the prediction economy, serve as a governance tool, and incentivize user participation. With solid traction, reputable backing, and a clear use case, Sport.Fun is positioning itself at the exciting intersection of sports, gaming, and decentralized finance.

In summary, the FUN token sale marks a significant milestone for a platform that has already demonstrated substantial product-market fit. Backed by Coinbase and thriving on the Base network, Sport.Fun is leveraging its success to build a community-owned sports prediction ecosystem. This sale is a crucial step in that ambitious journey.

Frequently Asked Questions (FAQs)

What is the FUN token?
The FUN token is the native cryptocurrency of the Sport.Fun platform. It is designed to power the on-chain prediction economy, likely enabling features like governance, staking, and in-platform transactions.

When is the FUN token sale?
The exact date has not been specified in the announcement. Interested participants should monitor official Sport.Fun channels and the Legion and Kraken platforms for precise sale timelines and details.

Do I need to be a sports expert to use Sport.Fun?
Not necessarily. While sports knowledge can be an advantage, the platform is designed to be accessible. Its fantasy sports mechanics are familiar to many, and the blockchain element adds a new layer of ownership and potential reward.

What is the Base network?
Base is an Ethereum Layer-2 scaling solution incubated by Coinbase. It’s designed to be fast, low-cost, and secure, making it ideal for consumer applications like Sport.Fun.

Is the FUN token sale open to everyone?
Access will depend on the terms set by Legion and Kraken, which may have geographic restrictions or KYC (Know Your Customer) requirements. Always check the specific rules on the sale platforms.

What has Sport.Fun achieved so far?
The platform has reached $90 million in total trading volume, generated $10 million in revenue, and become the leading consumer app on the Base network. It currently supports the NFL with plans to add the NBA.

Found this deep dive into the FUN token sale and Sport.Fun’s rise helpful? Share this article with your network on Twitter or Telegram to spark a conversation about the future of on-chain sports and entertainment!

To learn more about the latest trends in blockchain gaming and consumer crypto apps, explore our article on key developments shaping the adoption of Layer-2 networks like Base.

This post Unstoppable FUN Token Sale: Coinbase’s Sport.Fun Hits $90M Milestone first appeared on BitcoinWorld.

Market Opportunity
Sport.Fun Logo
Sport.Fun Price(FUN)
$0.03471
$0.03471$0.03471
+1.75%
USD
Sport.Fun (FUN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Morgan Stanley Eyes Bitcoin ETF With Fee That Could Shake An $83 Billion Market

Morgan Stanley Eyes Bitcoin ETF With Fee That Could Shake An $83 Billion Market

The post Morgan Stanley Eyes Bitcoin ETF With Fee That Could Shake An $83 Billion Market appeared on BitcoinEthereumNews.com. Morgan Stanley Eyes Bitcoin
Share
BitcoinEthereumNews2026/03/29 03:33
USDH Power Struggle Ignites Stablecoin “Bidding Wars” Across DeFi: Bloomberg

USDH Power Struggle Ignites Stablecoin “Bidding Wars” Across DeFi: Bloomberg

A heated contest for control over a new dollar-pegged token has set the stage for what analysts say could define the next phase of the stablecoin industry. According to Bloomberg, a bidding war unfolded on Hyperliquid, one of crypto’s fastest-growing trading platforms, with the prize being the right to issue USDH, its native stablecoin. The competition drew some of the sector’s most prominent names, including Paxos, Sky, and Ethena, who later withdrew their bid, alongside the lesser-known Native Markets, a startup backed by Stripe stablecoin subsidiary Bridge. Hyperliquid Stablecoin Race Shows Branding and Partnerships Matter as Much as Tech Over the weekend, Hyperliquid’s validators, the contributors who secure the network and vote on key decisions, awarded the USDH contract to Native Markets over the weekend. Despite its relatively new status, the firm’s connection with Stripe helped it outpace more established rivals. Stablecoins underpin decentralized finance by providing a dollar-backed medium for collateral, settlement, and payments across applications. What began as a grassroots, community-led sector has evolved into a battleground for institutions and payment companies seeking revenue from interest on reserves. Circle, for example, shares proceeds from its USDC with Coinbase under a partnership designed to stabilize earnings during market swings. The Hyperliquid contest offered a rare glimpse into just how intense competition has become. Paxos pledged to take no revenue until USDH surpassed $1 billion in circulation. Agora offered to share 100% of net revenue with Hyperliquid, while Ethena put forward 95%. All were outbid by Native Markets, whose ties to Stripe’s $1.1 billion acquisition of Bridge and subsequent rollout of the Tempo blockchain positioned it as a strong contender. “Every stablecoin issuer is extremely desperate for supply,” said Zaheer Ebtikar, co-founder of Split Capital. “They are willing to publicly announce how much they are willing to offer. It just shows it’s a very tough business for stablecoin issuers.” While USDC remains dominant on Hyperliquid with more than $5.6 billion in deposits, the arrival of USDH could shift flows and revenue dynamics. Paxos co-founder Bhau Kotecha said the firm sees the exchange’s growth as an important opportunity, while Agora’s co-founder Nick van Eck warned that awarding the contract to a vertically integrated issuer risked undermining decentralization. Regulatory positioning also factored into the debate. Paxos operates under a New York trust charter and is seeking a federal license, while Bridge holds money transmitter approvals in 30 states. Native Markets, in a blog post, cited regulatory flexibility and deployment speed as reasons for its selection. Hyperliquid said the strong engagement from its community validated the process. Circle CEO Jeremy Allaire dismissed concerns over USDC’s status, noting on X that competition benefits the ecosystem. Analysts suggested that fears of centralization may be exaggerated, noting that Hyperliquid is likely to remain neutral and support multiple stablecoins. Still, the contest over USDH highlighted a new reality for stablecoins: branding, partnerships, and business strategy are becoming as decisive as technology. Native Markets Secures USDH Stablecoin Mandate on Hyperliquid Hyperliquid has concluded its governance vote for the USDH stablecoin, awarding the mandate to Native Markets after a closely watched process that drew weeks of community debate and rival proposals. USDH, described by Hyperliquid as a “Hyperliquid-first, compliant, and natively minted” dollar-backed token, is intended to reduce the platform’s dependence on USDC and strengthen its spot markets. Validators on the decentralized exchange voted in favor of Native Markets, a relatively new player backed by Stripe’s Bridge subsidiary, over established contenders including Paxos and Ethena. The outcome followed a string of proposals offering aggressive revenue-sharing terms to win validator support, underscoring the scale of incentives attached to controlling USDH. Hyperliquid’s exchange has become a critical hub for stablecoin liquidity, with $5.7 billion in USDC, around 8% of its total supply, currently held on the network. At prevailing treasury yields, that translates to an estimated $200 million to $220 million in annual revenue for Circle, underlining why a native alternative could be transformative. Hyperliquid’s validators, who secure the network and vote on key decisions, selected Native Markets following an on-chain governance process that concluded September 15. Native Markets has laid out a phased rollout for USDH, beginning with capped minting and redemption trials before expanding into spot markets. Its reserves will be managed in cash and treasuries by BlackRock, with on-chain tokenization through Superstate and Bridge. Yield from those reserves will be split between Hyperliquid’s Assistance Fund and ecosystem development. The launch of USDH comes as Hyperliquid records record profits from perpetual futures trading, with $106 million in revenue in August alone, and prepares to slash spot trading fees by 80% to bolster liquidity. Analysts say the move positions Hyperliquid to capture more of the stablecoin economics internally, marking a significant step in its bid to rival the largest players in decentralized finance
Share
CryptoNews2025/09/18 00:48
XRP Price Prediction: Could XRP Hit $10 or Will a 150x Presale Get There First

XRP Price Prediction: Could XRP Hit $10 or Will a 150x Presale Get There First

A sudden BTC bounce from $66,800 just jolted the entire market, dragging altcoins up and forcing late sellers to cover in a move that instantly changed short term
Share
Techbullion2026/03/29 03:34