Lighter запускает L2-сеть, бросая вызов Hyperliquid на рынке DEX Translation: Lighter Launches L2 Network, Challenging Hyperliquid in the DEX Market

The DEX platform for trading perpetual contracts, Lighter, which is built on the Arbitrum framework, has announced its official launch of the Layer 2 network after completing eight months of beta testing. The Token Generation Event (TGE) is anticipated to take place at the year’s end.

This Layer 2 solution utilizes ZK technology for transaction verification. The team has also rolled out an updated block explorer to facilitate transaction monitoring and confirmed the successful completion of an audit for its smart contracts.

According to the developers, the major advantages of the Layer 2 network include instant order execution, no slippage, and low fees for retail users, who will continue to enjoy free access to the basic features.

To cater to market makers and high-frequency traders, Lighter has introduced fees for API usage. The decentralized exchange has also enhanced its protection system against Sybil attacks and market manipulation.

Throughout its testing phase, the platform attracted 188,000 unique users and more than 50,000 daily active traders.

Future plans for the platform include strengthening its integration with the DeFi ecosystem and implementing a commission distribution mechanism for future holders of its native Lighter tokens.

Simultaneously with the launch of the Layer 2 network, the second season of the point accumulation program has commenced, which will run until the end of 2025.

Lighter currently ranks third in daily trading volume, achieving $7 billion. It trails behind Hyperliquid and Aster, which report trading volumes of $9.4 billion and $81.7 billion respectively.

Since its launch in April of this year, the platform’s total value locked (TVL) has exceeded $816 million.

It is worth noting that ARK Invest’s CEO, Cathie Wood, has compared Hyperliquid to «early Solana.»