Important points
- Lighter's 24-hour decentralized exchange (DEX) trading volume reached $9 billion, surpassing HyperLiquid.
- This track record has established Lighter as the top perpetual futures DEX by trading volume.
Lighter, a decentralized exchange specializing in perpetual futures trading, surpassed Hyperliquid in 24-hour DEX trading volume today with approximately $9 billion.
This milestone marks a major shift in the persistent DEX landscape, where Lighter has emerged as a top contender for recent volume. Hyperliquid is a decentralized perpetual futures exchange built on a proprietary layer 1 blockchain that has historically maintained leadership in trading activity.
Persistent DEX competition is increasing between platforms such as Lighter, Hyperliquid, and Aster, with competition focusing on sustainable infrastructure rather than short-term incentives. In recent weeks, Lighter has consistently outperformed Hyperliquid in various time frames.
The platform's efficient infrastructure supports high-speed on-chain transactions, positioning it to compete effectively with existing competitors in the DEX market.
