Almost two weeks after $LIT TGE, Lighter—a perp DEX that once briefly overtook Hyperliquid in trading volume—has been struggling. Its 24-hour volume is down to $1.72 billion, while Hyperliquid is at $2.97 billion. Even more telling, Hyperliquid’s 24-hour open interest sits at $8.57 billion, more than six times Lighter’s $1.39 billion.
Where is Lighter bulls?
Hyperliquid Daily
@HYPERDailyTK
12-30
Lighter's TGE is live—now it's time for all the stats to settle back to their real levels.
Let's wait and see if Lighter can actually compete with Hyperliquid, or if it's just a quick pump-and-dump that comes and goes.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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