Pinned
The undisputed top two DEXes are:
1. Hyperliquid ($HYPE)
2. Lighter ($LIT)
I don’t want to hear any more dumbass takes from these bozo .hl accounts. Don’t let your bias cloud the obvious.
matt
2,545 posts
- I can confirm (through a reputable source) that this sale was completed and collateral was provided by both parties. The reason that there are no funds reflected in the @LighterOTC multisig is because it was escrowed by a third party who was trusted by the buyer and seller.
- The Co-Founder of Solana just tried to FUD @Lighter_xyz then deleted his post and apologized for being wrong and you’re STILL bearish?
My mistake. It does prove all the sigs. Pretty cool. Cunningham’s law strikes again. - All noise aside, let’s take a look at the basic metrics from yesterday to today: 1. @HyperliquidX -TVL decreased by 21% (5.8B > 4.6B) -OI down 58% (15B>6.2B) 2. @Lighter_xyz -TVL decreased by 16% (1.2B > 1.0B) -OI down 41% (2.2B>1.3B) Not bad for Lighter considering the FUD.
- Vlad continues to drop hints that the Lighter meme coin might be called $LIGER. In recent public appearances, Vlad said that spot would launch either the last week of October or the first week of November. Let’s see what happens this week.
- Almost 7 months later, let’s take another look at @Cbb0fe’s awful take on Lighter: -“Pts programs”: $1M bid @ $83/pt -“VCs”: backed by FF, and Robinhood -“Tech buzz words”: zk tech is fair, secure, and easily composable -“Pumping metrics”: organically increasing TVL, OI, and revPerp platforms like @Lighter_xyz doing points program, funded by VCs, using tech buzz words no one cares about and pumping their metrics with wash trading are a pathetic attempt at reproducing Hyperliquid unique success.
- Had a great time at the @Lighter_xyz KBW event last night! Fantastic turnout at the event which makes me even more bullish for the future. Thanks to the team, @aquiahoramism0 @IPALAU1, and @hansolar21 for hosting. 🕯️
- Along with their public launch, @Lighter_xyz just quietly flexed their stacked list of investors: @foundersfund @dragonfly_xyz @HaunVentures @robotventures @a16z @lightspeedvp @A_StarVC @coatuemgmt @CRV @AbstractVC @svangel @8vc
- There were two smaller DEXes that seemed to perform well during the flash-crash: 1. @pacifica_fi 2. @variational_io Both platforms had/have: -no downtime, functioned normally -good communication -great teams (got to meet both at KBW) -solid UI/UX Any other DEXes to watch?
- Lighter has released details about the pts program here: docs.lighter.xyz/points-program See below for the retail criteria. In summary, you should: -Trade volume on less popular pairs -Keep positions open -Pay and/or collect funding -Try to keep a positive PnL -Don’t force liquidations
- The highlight from @vnovakovski’s appearance on @notthreadguy was when @chang_defi asked if Vlad is concerned that Lighter isn’t valued as an L1, to which he responded: “Isn’t the L1 premium just something that some VCs made up at a cocktail party?”
- Remember that @HyperliquidX saw steady growth, then had a massive TVL spike right after TGE (+100% in 3 weeks). I wonder what’s going to happen when @Lighter_xyz launches their native token in December.
- Don’t forget that a “special drop” related to $PROVE (@SuccinctLabs) is coming to @Lighter_xyz once spot launches. The message below was shown in early August. Eligibility is unknown but could be proportionate to $PROVE perps trading activity and/or all trading activity.
