In accordance with Bijié Wǎng, Lighter, an Ethereum-based Layer 2 decentralized exchange, has reached a valuation of $1.5 billion following a $68 million funding round led by Founders Fund and Ribbit Capital. The perpetual trading protocol reported a 7-day trading volume of $737.7 billion, surpassing competitors Aster and Hyperliquid, and plans to launch a spot trading platform with 5-millisecond latency and up to 650,000 TPS throughput. Analyst Eugene Bulltime noted that its order-book-based system, featuring zero fees and minimal slippage, could challenge Uniswap’s AMM model. The platform is also preparing for a token airdrop in Q4, allocating 25% to 30% of tokens to the community.
Lighter Valuation Hits $1.5B Before TGE After $68M Funding Round
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