Lighter (LIT)

Weekly Product Updates

Since TGE, the Lighter protocol has programmatically bought back 15MM $LIT tokens, representing 6% of the circulating supply: https://t.co/ZVA5ii8V3a

Trading - What's New
• Multi-Layout Charts have been enabled
• Strategies now support spot markets

RWA Challenge - Competition Updates
• The competition ends on Wednesday, June 24. There's still time to climb the leaderboard and secure your spot. So far, the most actively traded markets have been $XAU, $EURUSD, $WTI, $XAG, and $SKHYNIX. Good luck in the final stretch!
• We have identified accounts that attempted to exploit the competition scoring formula. These accounts have been disqualified and removed from the leaderboard. If you believe your account was flagged in error, please open a support ticket and we'll review your case.

Integrations
- Jesse Trade is now live: https://t.co/qwYENcNfOW
- Hummingbot is now live: https://t.co/bWgsLdIa6U

Join Discord or TG channels to stay up to date

6) Lighter vs Hyperliquid - the gap

Lighter is faster + cheaper + better UI.
Hype has deeper liquidity - for now.

• Perp volume (30d): ~$45B vs HYPE's ~$250B → 5.5x
• Annualized revenue: ~$76M vs HYPE's ~$700M → 9x
• Market cap: ~$400M vs HYPE's ~$15.5B → 39x

Trades 39x smaller, but only 5.5x behind on volume & 9x on revenue.

Both route revenue to buybacks, but at current run-rate ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 is buying back ~19% of its market cap a year vs hyperliquid:native's ~5%.