Why Lighter May Answer Ethereum’s PerpDEX Problem
Lighter has surged ahead, overtaking major competitors to become Ethereum’s top app-chain and sixth-largest layer-2 by total value locked (TVL).
This rapid ascent makes Lighter a genuine leader among decentralized perpetual trading platforms.
Lighter DEX’s Impressive Debut and Rapid GrowthThe DEX stormed into L2Beat’s leaderboard only recently, becoming the sixth-largest Layer 2 by TVS. It is also the leading app-chain on Ethereum in record time.
Lighter DEX Metrics. Source: L2Beat
Passing as Hyperliquid with Ethereum-grade property rights, Lighter’s arrival is rekindling the conversation about whether Ethereum can finally host a truly competitive Perpetuals DEX (PerpDEX) without sacrificing security or scalability.
According to Ryan Adams, founder of Bankless, Lighter’s debut is impressive. Adams cited its combination of zero token issuance costs, Ethereum-grade security, and infinite scalability.
Impressive debut on L2Beat by @Lighter_xyz.
Lighter is a perps exchange – Hyperliquid with Ethereum grade property rights.
Already the 6th largest L2 by TVL and the #1 appchain L2 on Ethereum.
Advantages:
– No token issuance costs
– Ethereum grade security
– Infinitely… pic.twitter.com/yVXOjhhS1Y