Teoman retweeted
A release every ~40 hours since July 2025.
And that’s just web. Mobile isn’t even in here.
app.lighter.xyz/changelog
at this point, I’m just buying Lighter regularly and stopped checking markets completely. Nothing makes sense anyway; living a normie life.
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this is getting more and more Lighter coded rather than Hyperliquid by the way.
I genuinely believe Lighter will be the one receive CFTC approval first,
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Teoman retweeted
BREAKING: @CFTC CHAIRMAN @ChairmanSelig SAYS PERPETUAL FUTURES ON INDIVIDUAL STOCKS "CAN BEGIN TRADING FOR THE FIRST TIME ON CFTC-REGISTERED EXCHANGES" TODAY
SAYS U.S. TRADERS CAN ACCESS THEM "RATHER THAN BEING FORCED TO TURN TO OFFSHORE, AND OFTEN UNREGULATED, VENUES"
Teoman retweeted
TLDR: Lighter has the strongest security architecture of any DEX.
A major advantage in attracting institutional liquidity as US markets open up.
Full ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 thesis tomorrow.
Teoman retweeted
Lighter's tech stack offers incredible flexibility for what regulators and TradFi may demand, a lot of which comes from being a ZK rollup on Ethereum
This doesn't get talked about often enough but a lot of Will's points here are why I'm so bullish on Lighter winning
In the case of Lighter:
1. All data is verifiable - you don't have to trust the operator. Withdraw your funds via escape hatch if Lighter stops operating. There are CLOBs for other products like spot/options where realtime settlement makes a difference, and it is synergistic via portfolio margin
2. Lighter can trivially offer privacy to traders by encrypting data (with the trader's public key) before it's posted to Ethereum. This does not affect the escape hatch. Position level privacy can be mandatory, opt-in, or opt-out. Trades, volume and open interest can remain public, verifiable info while individual trader positions remain hidden
3. No priority fees on Lighter.
4. Combining onshore/offshore orderbooks is technically possible but that's up to the regulators.
5. Lighter matching engine is centralized and highly performant. There is no tradeoff between speed and security. If there is inefficiency, it is the cost of generating and publishing proofs of correct execution, which is low and continuing to drop quickly.
Teoman retweeted
In the case of Lighter:
1. All data is verifiable - you don't have to trust the operator. Withdraw your funds via escape hatch if Lighter stops operating. There are CLOBs for other products like spot/options where realtime settlement makes a difference, and it is synergistic via portfolio margin
2. Lighter can trivially offer privacy to traders by encrypting data (with the trader's public key) before it's posted to Ethereum. This does not affect the escape hatch. Position level privacy can be mandatory, opt-in, or opt-out. Trades, volume and open interest can remain public, verifiable info while individual trader positions remain hidden
3. No priority fees on Lighter.
4. Combining onshore/offshore orderbooks is technically possible but that's up to the regulators.
5. Lighter matching engine is centralized and highly performant. There is no tradeoff between speed and security. If there is inefficiency, it is the cost of generating and publishing proofs of correct execution, which is low and continuing to drop quickly.
Further to my post about @NYSE working to bring @HyperliquidX onshore, major credit to @ChairmanSelig and the Trump administration for making all of this experimentation possible.
There’s only one way of finding out if something is useful to the marketplace and I’m excited for us to find out. I do have some questions:
1. What is the benefit of trading perps on-chain on a regulated exchange? Isn’t the main benefit of trading on-chain to operate in a trustless (aka non-kyc’d) environment in order to minimize friction, and/or to be able to enter into atomic transactions in order to receive what you are buying in realtime? Since a perp is not an asset, that obviously isn’t helpful.
2. @standuquesne - are you aware that if you trade on Hyperliquid, the world will be able to track your positions and trades in real time? Do you see that as a benefit?
3. Hyperliquid has priority fees - a mechanism that enables market participants to pay to see information first, or even prioritize orders in front of the queue. Is this consistent with CFTC core principles?
4. Will it be possible to combine the liquidity of the offshore order-book with the onshore order-book?
5. If not, wouldn’t it be better to list perps in a traditional (centralized) order-book on a regulated exchange and not have the inefficiencies that on-chain matching introduces?
Teoman retweeted
I truly believe November will be HUGE for @Lighter_xyz
I believe Lighter will secure its US license and become the FIRST DEX to achieve this milestone.
At just $700M MC, $LIT looks massively undervalued right now
the market is sleeping on this opportunity
November could change everything I'm extremely bullish $LIT
A little thought experiment...
$HYPE just pumped $4bn on news they are coming to the US via NYSE despite still waiting on a license
The @Lighter_xyz team has said they are applying for a license next month, have been in talks with the CFTC and are on the advisory committee. All signs point to being the potential first dex to get a license.
Now let's say this scenario actually does play out. $LIT's ENTIRE marketcap is $700mn, 5.7x less than the move HYPE made without a license and 30x less than Hyperliquid as a whole.
I truly, truly believe this is one of the most slept on plays I've ever seen in crypto. To the point where I'm now just wondering if I'm crazy how others don't see it. Teleport to $5bn MC with ease on approval imho.
It's $LIT
