Lighter, a decentralized perpetual change, has launched its Ethereum Layer 2 public mainnet after eight months of beta testing. The protocol introduces verifiable ZK-based transactions and launches the second season of the factors program, which can final till 2025.
Hyperliquid Rival Lighter goes stay on Ethereum L2
Lighter, a decentralized perpetual buying and selling platform positioned as a competitor to Hyperliquid, has launched its Ethereum Layer 2 public mainnet after eight months of personal beta testing.
In response to XPost, the protocol gives low-cost, low-latency perpetual buying and selling leveraging customized zero-knowledge (ZK) circuitry to allow verifiable order matching and liquidation. Designed to copy the pace and effectivity of high-frequency finance, Lighter goals to ship an exchange-level expertise immediately on-chain.
Since launching in beta to only 100 merchants, Lighter has grown to over 188,000 distinctive accounts and over 50,000 every day energetic customers. Retail merchants utilizing the entrance finish can proceed buying and selling with out charges, however API buying and selling, market makers, and high-frequency buying and selling (HFT) are at the moment topic to charges. The protocol additionally implements guidelines to robotically block wash transactions and Sybil assaults.
Trying forward, the workforce says it plans to broaden composability with Ethereum DeFi and different L2 ecosystems and strengthen its efforts to change into a core participant within the on-chain derivatives market.
