Lighter
Coverage of Lighter in the Nexus archive.
- Lighter Perp DEX: Price Up 20% in recent times, But Are Usage Metrics Following?
Lighter, a perpetual DEX token (LIT), has increased 20% in price to around $1.46 over the past week, driven by increased protocol attention including mentions by Vitalik Buterin and new integrations. However, the article questions whether underlying usage metrics such as sustained volume, open interest, and user retention are also improving to support the price movement.
- Perp traders: what would actually make you switch from your current venue?
The author is seeking feedback from traders on what factors would make them switch from their current perp venue, including execution quality, fees, fairness, and user experience. The goal is to understand what matters most to traders and what changes would incentivize them to migrate to a new platform. Traders are being asked to provide honest answers on their priorities.
- Crypto onramping solution Fun raises $72 million Series A co-led by Multicoin Capital and SignalFire
Fun, a crypto onramping solution, raised $72 million in a Series A funding co-led by Multicoin Capital and SignalFire. The company facilitates deposits, withdrawals, and settlement flows for major crypto apps including Polymarket, Lighter, and Aave.
- hyperliquid lost 40% market share in 6 months. the perp DEX wars are just getting started.
Hyperliquid's market share in the perpetual DEX space dropped from over 70% to 28-30% in six months due to centralization concerns, price deviations, high fees, and the JELLY incident. Competitors like Aster, EdgeX, and Lighter are gaining traction with incentives, speed, and ZK-verified execution fairness. Analysts predict long-term success will favor DEXs with provably fair infrastructure over current UX advantages.