Lighter Points Skyrocket: Traders Pay $100 Each in Hunt for the Next “Hyperliquid” Airdrop

The tokenless exchange market is on fire. As traders rush into perpetual derivatives hoping to grab a slice of the next mega airdrop, September trading volumes hit a record $1 trillion. Riding this wave, Lighter Exchange’s activity-based points have surged to a historic $100 per point on over-the-counter (OTC) markets — for the first time ever.

From Quiet Beta Project to Multi-Billion Sensation Launched in closed beta this February, Lighter’s point system has exploded in value over the past month.

According to Delphi Digital, current OTC pricing suggests a potential LIGHT token valuation of around $5 billion. On October 7, the SOTC (Specialized OTC) platform recorded its first seven-figure transaction, marking the first-ever sale of Lighter points at $100 each.

Just weeks ago, they traded for about $30. Since then, prices have cooled slightly, with current bids hovering around $90 per point — still a strong indicator of mounting hype and speculation ahead of the anticipated LIGHT token launch.

Rivalry with Hyperliquid: A New Challenger in Derivatives Lighter’s momentum mirrors the growing shift toward alternative perpetual exchanges. Since last year’s launch of HYPE, the derivatives market has been dominated by Hyperliquid, but Lighter is quickly closing the gap. In the past week:

🔹 Hyperliquid processed $65 billion in trading volume

🔹 Lighter followed closely with $60 billion While Hyperliquid still leads in open interest (15B vs. Lighter’s 2.5B), Lighter is winning traders over with zero fees and private trading positions — two features absent on its rival.

TVL Soars as Community Awaits Tokenomics Reveal Lighter’s total value locked (TVL) skyrocketed from $340 million to $1.18 billion in just one month.

The project’s tokenomics remain undisclosed, but users speculate that the team might allocate 25–50% of the supply to the community via an airdrop. This has sparked a heated debate among investors: Optimists hail Lighter as a true innovator capable of challenging Hyperliquid’s dominance.Skeptics argue that without its own blockchain (unlike Hyperliquid), Lighter’s current valuation is purely speculative.

The Lighter points market remains red-hot. Whether it’s just hype or the birth of the next major player in perpetual derivatives, one thing is clear — the meme-era of airdrops is evolving into a multi-billion-dollar race.

#Hyperliquid , #cryptotrading , #defi , #CryptoMarket , #CryptoNews

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