Lighter is now the #2 perp DEX by trading volume, right after Hyperliquid.

Why? Two key reasons:

First, Lighter is an Ethereum zk-rollup, purpose built for perps.

The pitch: Don’t trust, verify.

Every order match and liquidation comes with a zk-SNARK proof you can check onchain.

This matters because most orderbook DEXs ask you to trust the engine.

With Lighter, price time priority is enforced cryptographically:

if you had the top bid, you get filled before someone who came later.

If you get liquidated, the rules were followed.

Correct me if I'm wrong here, that makes it different from Hyperliquid.

Hyperliquid is already winning on liquidity and adoption, but it is its own L1 and Lighter is more Ethereum aligned rollup.***

On HL you see who got filled at top of book with timestamps after the fact.

You get transparent fills but not a proof guarantee of queue fairness.

-----

Second part of the growth is straight forward: no taker and maker fees.

So it is not fair to compare volumes at this stage.

Still, they need to attract users and liquidity, and make them stick. That's the hard part.

In any case, the tech is unique.

As I missed $HYPE airdrop and trading volumes/mindshare on X are growing, I don't want to miss it.

With points and private beta access code REQUIRED, it’s a clear asymmetric bet.

I've got limited invites so try it here:

https://app.lighter.xyz/trade/ETH?referral=UG8FX6VFVGUW

Disclaimer: It's not a sponsored post so plsss use my referral so we can all get rich from the airdrop.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。