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🚨 BIG: Lighter $LIT is trading at a 90% discount to Hyperliquid. Yesterday, Lighter did $9B in volume. Today, it's trading at 1/10th the valuation of its main competitor. Is the market broken? Or is this the most obvious repricing event of 2026? I dug into the wallet data,... show more

MSB Intel

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33,601 views • 8 months ago •via X (Twitter)

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EXCLUSIVE: Inside The Lighter and Robinhood Official Perps Partnership with Lighter CEO Vladimir Novakovski Yesterday Robinhood hosted their “The World is Flat” event where they announced the Robinhood chain mainnet & deepened relationship with Lighter, amidst many other digital asset focused initiatives. Lighter was named the official perps partner of Robinhood and will be directly integrated within the Robinhood wallet. Our Andy sat down with Lighter CEO Vladimir Novakovski to unpack the partnership, Lighter’s Q2 performance, and more. Timestamps 00:00 Intro 02:53 Perps For Robinhood Users 05:30 What Lighter Brings Robinhood 08:13 ETH As The Clearing Layer 10:47 Building Beyond Robinhood 13:40 Options Launch In Q3

EXCLUSIVE: Inside The Lighter and Robinhood Official Perps Partnership with Lighter CEO Vladimir Novakovski Yesterday Robinhood hosted their “The World is Flat” event where they announced the Robinhood chain mainnet & deepened relationship with Lighter, amidst many other digital asset focused initiatives. Lighter was named the official perps partner of Robinhood and will be directly integrated within the Robinhood wallet. Our Andy sat down with Lighter CEO Vladimir Novakovski to unpack the partnership, Lighter’s Q2 performance, and more. Timestamps 00:00 Intro 02:53 Perps For Robinhood Users 05:30 What Lighter Brings Robinhood 08:13 ETH As The Clearing Layer 10:47 Building Beyond Robinhood 13:40 Options Launch In Q3

The Rollup

154,784 views • 2 months ago

We've been working hard behind the scenes to make Avantis the most efficient onchain venue for large market orders on RWAs. Here's a head-to-head comparison of spreads on a $300K Intel buy order compared to Lighter and Hyperliquid: - Avantis / Hyperliquid: ~0.10% - Lighter: 0.17% Avantis is now on-par with HL for market orders, and ahead of lighter for larger orders. This is the benefit our of synthetic AMM - we're able to outsource spreads from other liquid venues. The next big leap is a 10x increase in RWA liquidity via external market makers.

We've been working hard behind the scenes to make Avantis the most efficient onchain venue for large market orders on RWAs. Here's a head-to-head comparison of spreads on a $300K Intel buy order compared to Lighter and Hyperliquid: - Avantis / Hyperliquid: ~0.10% - Lighter: 0.17% Avantis is now on-par with HL for market orders, and ahead of lighter for larger orders. This is the benefit our of synthetic AMM - we're able to outsource spreads from other liquid venues. The next big leap is a 10x increase in RWA liquidity via external market makers.

Sehaj

11,611 views • 4 months ago

🎙️ New The Edge Podcast ⚡️ Lighter's Founder on Ethereum's Fastest DEX: LIT, Robinhood, and The TradFi-DeFi Bridge 0:00 - Intro 2:19 - Vlad’s background 6:47 - What is Lighter? Five goals 10:36 - High-performance trading on Ethereum 14:41 - Processing 500 million orders a day 16:33 - Vlad at Bitmine (NYSE-BMNR) $ETH shareholder meeting 18:32 - Robinhood $68M investment 22:16 - Lighter vs. Hyperliquid and CEXs 26:33 - How the LLP works and how it differs 29:51 - The LIT token launch 31:45 - Post-TGE reality and marathon ahead 33:48 - LIT token: Staking, fees, and LLP 37:31 - Revenue and buybacks 39:43 - The new Lighter mobile app 41:03 - DeFi is not antithetical to regulators 43:00 - What’s next? 45:12 - Closing 🙏 Thanks to Lighter Founder & CEO Vladimir Novakovski for joining us!

🎙️ New The Edge Podcast ⚡️ Lighter's Founder on Ethereum's Fastest DEX: LIT, Robinhood, and The TradFi-DeFi Bridge 0:00 - Intro 2:19 - Vlad’s background 6:47 - What is Lighter? Five goals 10:36 - High-performance trading on Ethereum 14:41 - Processing 500 million orders a day 16:33 - Vlad at Bitmine (NYSE-BMNR) $ETH shareholder meeting 18:32 - Robinhood $68M investment 22:16 - Lighter vs. Hyperliquid and CEXs 26:33 - How the LLP works and how it differs 29:51 - The LIT token launch 31:45 - Post-TGE reality and marathon ahead 33:48 - LIT token: Staking, fees, and LLP 37:31 - Revenue and buybacks 39:43 - The new Lighter mobile app 41:03 - DeFi is not antithetical to regulators 43:00 - What’s next? 45:12 - Closing 🙏 Thanks to Lighter Founder & CEO Vladimir Novakovski for joining us!

DeFi Dad ⟠ defidad.eth

40,001 views • 7 months ago

Vladimir Novakovski (Vladimir Novakovski) on why the valuation gap between Lighter and Hyperliquid might be temporary. "We have three massive unlocks coming." "Composability with the entire Ethereum ecosystem. Tokenized TradFi assets where you can run basis trades onchain. And a U.S. license." "The market may not be pricing any of that in yet."

Vladimir Novakovski (Vladimir Novakovski) on why the valuation gap between Lighter and Hyperliquid might be temporary. "We have three massive unlocks coming." "Composability with the entire Ethereum ecosystem. Tokenized TradFi assets where you can run basis trades onchain. And a U.S. license." "The market may not be pricing any of that in yet."

The Rollup

81,996 views • 5 months ago

I asked Vladimir Novakovski the founder of Lighter why other platforms are still building for L1s and citing performance reasons? "idk, maybe they made a technical choice 2 years ago that's not relevant today. Those guys should go talk to Succinct." He says there's no performance limitation to L2s - Lighter could run at 1m TPS now if it needed to. "The more secure the L1, the more performant the L2." It seems Lighter is an L2 for one simple reason. A better product for users.

I asked Vladimir Novakovski the founder of Lighter why other platforms are still building for L1s and citing performance reasons? "idk, maybe they made a technical choice 2 years ago that's not relevant today. Those guys should go talk to Succinct." He says there's no performance limitation to L2s - Lighter could run at 1m TPS now if it needed to. "The more secure the L1, the more performant the L2." It seems Lighter is an L2 for one simple reason. A better product for users.

RYAN SΞAN ADAMS

108,251 views • 11 months ago

This episode made me pretty bullish $LIT The regulated US perps market is a $+100b market, and Lighter is pursing the regulatory licenses required to access it The $LIT token is issued out of a Delaware C-Corp Everything about Lighter is a green flag for US regulators Episode out for Premium Subscribers!

This episode made me pretty bullish $LIT The regulated US perps market is a $+100b market, and Lighter is pursing the regulatory licenses required to access it The $LIT token is issued out of a Delaware C-Corp Everything about Lighter is a green flag for US regulators Episode out for Premium Subscribers!

David Hoffman

82,686 views • 3 months ago

EARLY ACCESS: Is ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 Cheap? Will Price and trevor think Lighter is one of the most underpriced perp bets in crypto. “At current valuation levels, I think that chance is underpriced.” “LIT is buying back its token 2x the speed of hyperliquid:native.” “The same talent density I haven't seen elsewhere among their competitors. Centralized or decentralized.”

EARLY ACCESS: Is ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 Cheap? Will Price and trevor think Lighter is one of the most underpriced perp bets in crypto. “At current valuation levels, I think that chance is underpriced.” “LIT is buying back its token 2x the speed of hyperliquid:native.” “The same talent density I haven't seen elsewhere among their competitors. Centralized or decentralized.”

Bankless

114,446 views • 3 months ago

LIGHTER Q1 2026 UPDATE (VIDEO SNIPPET): THERE ARE 3 MAIN PILLARS FOR 2026: (1) ETHEREUM COMPOSABILITY (2) US MARKET CFTC LICENSE (3) TRADFI ON DEFI RAILS (1) ETHEREUM COMPOSABILITY - Vladimir Novakovski WANTS TO CONNECT $52.44B OF TVL ON ETHEREUM TO LIGHTER. - 3:00 VLAD "THE GOAL IS THAT ANY ASSET ON ETHEREUM CAN BE COLLATERAL ON LIGHTER" - 3:36 VLAD "THIS IS THE BIGGEST PRIORITY FOR OUR ENGINEERING TEAM" (2) US MARKET CFTC LICENSE - 4:07 VLAD "THERE IS ALIGNMENT BETWEEN FOLKS IN THE SENATE, CONGRESS, WHITEHOUSE AND THE AGENCIES AND WE HAVE BEEN IN TOUCH WITH THEM" - 5:40 VLAD "WE STARTED THE PROCESS OF GETTING A LICENSE FOR ONCHAIN DERIVATIVES TRADING" - 6:11 VLAD "HOW DO WE THINK ABOUT SOMEONE LIKE A CITADEL TRADING ON LIGHTER? THEY WON'T TRADE SOMEWHERE WITHOUT A LICENSE" (3) TRADFI ON DEFI RAILS - 8:01 MARKET MAKERS NEED TO BE ABLE TO HEDGE POSITIONS SOMEWHERE - 8:24 CURRENT STATE IS NOT VERY CAPITAL EFFICIENT - 8:40 ENTIRE BALANCE SHEET CAN MOVE ON CHAIN

LIGHTER Q1 2026 UPDATE (VIDEO SNIPPET): THERE ARE 3 MAIN PILLARS FOR 2026: (1) ETHEREUM COMPOSABILITY (2) US MARKET CFTC LICENSE (3) TRADFI ON DEFI RAILS (1) ETHEREUM COMPOSABILITY - Vladimir Novakovski WANTS TO CONNECT $52.44B OF TVL ON ETHEREUM TO LIGHTER. - 3:00 VLAD "THE GOAL IS THAT ANY ASSET ON ETHEREUM CAN BE COLLATERAL ON LIGHTER" - 3:36 VLAD "THIS IS THE BIGGEST PRIORITY FOR OUR ENGINEERING TEAM" (2) US MARKET CFTC LICENSE - 4:07 VLAD "THERE IS ALIGNMENT BETWEEN FOLKS IN THE SENATE, CONGRESS, WHITEHOUSE AND THE AGENCIES AND WE HAVE BEEN IN TOUCH WITH THEM" - 5:40 VLAD "WE STARTED THE PROCESS OF GETTING A LICENSE FOR ONCHAIN DERIVATIVES TRADING" - 6:11 VLAD "HOW DO WE THINK ABOUT SOMEONE LIKE A CITADEL TRADING ON LIGHTER? THEY WON'T TRADE SOMEWHERE WITHOUT A LICENSE" (3) TRADFI ON DEFI RAILS - 8:01 MARKET MAKERS NEED TO BE ABLE TO HEDGE POSITIONS SOMEWHERE - 8:24 CURRENT STATE IS NOT VERY CAPITAL EFFICIENT - 8:40 ENTIRE BALANCE SHEET CAN MOVE ON CHAIN

Fuego

14,730 views • 5 months ago

"It's a win for everyone, but it's especially a big win for Hyperliquid. 90% of the revenue goes to them" Ram on why Coinbase and Circle made a strategic move to neutralize an emerging competitor "For Coinbase and Circle, they were able to neutralize an emerging competitor. Very strategic move. Installing themselves at a key point in this new infrastructure" "For Hyperliquid, 90% of the revenue here goes to them. That's the toll they exact for having accomplished a tremendous amount over the last several years" "It was very prophylactic of Coinbase to get ahead of that. Hyperliquid is emerging as a decentralized trading venue. Hype is one of the assets you want to own this cycle"

"It's a win for everyone, but it's especially a big win for Hyperliquid. 90% of the revenue goes to them" Ram on why Coinbase and Circle made a strategic move to neutralize an emerging competitor "For Coinbase and Circle, they were able to neutralize an emerging competitor. Very strategic move. Installing themselves at a key point in this new infrastructure" "For Hyperliquid, 90% of the revenue here goes to them. That's the toll they exact for having accomplished a tremendous amount over the last several years" "It was very prophylactic of Coinbase to get ahead of that. Hyperliquid is emerging as a decentralized trading venue. Hype is one of the assets you want to own this cycle"

Laura Shin

16,487 views • 4 months ago

INTERVIEW: Is $LIT Cheap? | Will Price & Flip David Hoffman sits down with flip and Will Price to unpack why Lighter may be one of the most underpriced bets in the perps market. They talk about: - Whether $LIT is just a beta trade to $HYPE - Why zero-fee trading changes Lighter’s distribution strategy - The U.S. perps market that still hasn’t opened - Lighter buybacks, revenue, and why the valuation may not reflect the opportunity [TIMESTAMPS] 0:00 Intro 3:05 Why Lighter Is Different 5:32 ZK Rollup Advantages 6:46 Charging Traders, Not Retail 12:07 Fairness Without MEV 14:50 Why Hyperliquid Can’t Copy 18:03 Distribution Beyond Crypto 22:08 Latency & Flow Quality 26:50 Technical Edge Across the Stack 30:31 RWAs & Pre-IPO Markets 34:07 U.S. Perps Market Play 36:05 Back-End For Big Brokers 38:28 Bootstrapping Liquidity 41:54 Lighter As A Platform 46:34 Token Value & Buybacks 50:11 Market Cap Versus FDV 53:02 Valuing LIT Properly 57:51 Cracked Team & Better Comms 58:13 Joining The Lighter Community 58:51 What Comes Next

INTERVIEW: Is $LIT Cheap? | Will Price & Flip David Hoffman sits down with flip and Will Price to unpack why Lighter may be one of the most underpriced bets in the perps market. They talk about: - Whether $LIT is just a beta trade to $HYPE - Why zero-fee trading changes Lighter’s distribution strategy - The U.S. perps market that still hasn’t opened - Lighter buybacks, revenue, and why the valuation may not reflect the opportunity [TIMESTAMPS] 0:00 Intro 3:05 Why Lighter Is Different 5:32 ZK Rollup Advantages 6:46 Charging Traders, Not Retail 12:07 Fairness Without MEV 14:50 Why Hyperliquid Can’t Copy 18:03 Distribution Beyond Crypto 22:08 Latency & Flow Quality 26:50 Technical Edge Across the Stack 30:31 RWAs & Pre-IPO Markets 34:07 U.S. Perps Market Play 36:05 Back-End For Big Brokers 38:28 Bootstrapping Liquidity 41:54 Lighter As A Platform 46:34 Token Value & Buybacks 50:11 Market Cap Versus FDV 53:02 Valuing LIT Properly 57:51 Cracked Team & Better Comms 58:13 Joining The Lighter Community 58:51 What Comes Next

Bankless

15,512 views • 3 months ago

My full interview with Vlad Novakovski, the founder and CEO of Lighter 3:57 using AI to trade 5:38 why AI can't beat narrative traders 11:22 who wins the tokenized stock race 16:15 the race for legal perps 25:22 do buybacks matter? 29:52 trading compute markets 33:26 building through the downswing 42:12 what's next for Lighter

My full interview with Vlad Novakovski, the founder and CEO of Lighter 3:57 using AI to trade 5:38 why AI can't beat narrative traders 11:22 who wins the tokenized stock race 16:15 the race for legal perps 25:22 do buybacks matter? 29:52 trading compute markets 33:26 building through the downswing 42:12 what's next for Lighter

threadguy

45,798 views • 2 months ago

Trading shouldn’t stop at the signal. BLEEEP × Lighter brings verifiable trading intelligence and onchain execution together. Using Lighter’s trading data, the BLEEEP Agent supports backtesting and AI strategy analysis, turning validated ideas into controlled Perp DEX orders. Users remain in control through strategy rules, risk limits, and explicit approvals. Private keys remain secured in a vault on the user’s device, with transactions signed locally. Lighter delivers fast execution through custom ZK infrastructure that proves exchange operations, with proofs and state updates verified on Robinhood Crypto chain. BLEEEP proves the decision. Lighter proves the execution.

Trading shouldn’t stop at the signal. BLEEEP × Lighter brings verifiable trading intelligence and onchain execution together. Using Lighter’s trading data, the BLEEEP Agent supports backtesting and AI strategy analysis, turning validated ideas into controlled Perp DEX orders. Users remain in control through strategy rules, risk limits, and explicit approvals. Private keys remain secured in a vault on the user’s device, with transactions signed locally. Lighter delivers fast execution through custom ZK infrastructure that proves exchange operations, with proofs and state updates verified on Robinhood Crypto chain. BLEEEP proves the decision. Lighter proves the execution.

BLEEEP

26,050 views • 1 month ago

📊 Brad Gerstner on the single number the entire AI trade now hinges on: "This is the single most important data point in the market today: is Anthropic's monthly revenue, is OpenAI's monthly revenue, going to be $4 billion or $8 billion? It's almost hard to get your head around. Most of us who've been in venture capital for a long time, if you got to a billion dollars in software revenue over four or five years, you were in the top 5% of software companies. But this is what the world is now pricing in." — Brad Gerstner, Founder and CEO of Altimeter Capital, at the All-in Summit.

📊 Brad Gerstner on the single number the entire AI trade now hinges on: "This is the single most important data point in the market today: is Anthropic's monthly revenue, is OpenAI's monthly revenue, going to be $4 billion or $8 billion? It's almost hard to get your head around. Most of us who've been in venture capital for a long time, if you got to a billion dollars in software revenue over four or five years, you were in the top 5% of software companies. But this is what the world is now pricing in." — Brad Gerstner, Founder and CEO of Altimeter Capital, at the All-in Summit.

bg2clips

32,004 views • 4 days ago

Lighter processes about 500 million orders a day, and every single one is verifiable on Ethereum. Vladimir Novakovski, CEO of Lighter, tells Remy Blaire retail traders pay zero fees, with the exchange instead monetizing premium accounts for institutions running latency-sensitive strategies.

Lighter processes about 500 million orders a day, and every single one is verifiable on Ethereum. Vladimir Novakovski, CEO of Lighter, tells Remy Blaire retail traders pay zero fees, with the exchange instead monetizing premium accounts for institutions running latency-sensitive strategies.

FINTECH.TV

37,824 views • 4 days ago

Robinhood just did a live demonstration of Lighter and how it would work for traders on the native RH app. $SPCX was used in the demo. This is only the beginning. The best expression of tradfi x crypto is $LIT There is NO other way to express this view.

Robinhood just did a live demonstration of Lighter and how it would work for traders on the native RH app. $SPCX was used in the demo. This is only the beginning. The best expression of tradfi x crypto is $LIT There is NO other way to express this view.

Professor Satoshi.🕯️

11,824 views • 2 months ago

$GOOGL is trading into a discount range for the first time in a while. In this video, I break down the setup using the Smart Money Framework, including my targets, exact buy zone, and invalidation level. Watch the full breakdown 👇

$GOOGL is trading into a discount range for the first time in a while. In this video, I break down the setup using the Smart Money Framework, including my targets, exact buy zone, and invalidation level. Watch the full breakdown 👇

Peter DiCarlo

89,650 views • 11 days ago

This is Arbigab. The most advanced, off the shelf, profitable arbitrage trading bot for Polymarket & Kalshi. Built by senior developers and trading veterans, this software empowers beginners to capture their share of the market! To get the bot NOW or get more information, visit: Below is a live trading session using our rust trading engine for arbitrage on the BTC up/down 5 minutes market. It's a sample of 2 iterations. You can find this terminal on the website front page. It is connected to our production backend (with a 2 minutes delay).

This is Arbigab. The most advanced, off the shelf, profitable arbitrage trading bot for Polymarket & Kalshi. Built by senior developers and trading veterans, this software empowers beginners to capture their share of the market! To get the bot NOW or get more information, visit: Below is a live trading session using our rust trading engine for arbitrage on the BTC up/down 5 minutes market. It's a sample of 2 iterations. You can find this terminal on the website front page. It is connected to our production backend (with a 2 minutes delay).

Gabagool 22 Trading Bot

20,969 views • 5 months ago

I’m thinking of rotating my $HYPE to $LIT at $2 $HYPE is 28x the market cap of $LIT and it feels like Lighter has a lot more momentum right now Additional reasoning below, but would love to hear your cases for/against this trade

I’m thinking of rotating my $HYPE to $LIT at $2 $HYPE is 28x the market cap of $LIT and it feels like Lighter has a lot more momentum right now Additional reasoning below, but would love to hear your cases for/against this trade

Clemente

145,153 views • 1 month ago