Lighter, a decentralized perpetual exchange, has launched his Ethereum Layer 2 Public Mantnet after eight months. The protocol introduces verifiable on ZK -based trade and starts the second season of his points program, runs through 2025.
Hyperliquid Rival Later goes live on Ethereum L2
Lighter, a decentralized Perpetuals Trade Platform that is positioned as a competitor of Hyperliquid, has launched his Ethereum Layer 2 Public Manet after eight months of private -bètatests.
According to the X-post, the Protocol offers cheap, low latency for eternal trade powered by adapted zero knowledge (ZK) circuits, which enable verifiable order adjustment and liquidations. Designed to replicate the speed and efficiency of high -frequency financing, Lighter strives to deliver an exchange experience directly on an onchain.
Since the opening in Bèta for only 100 traders, more than 188,000 unique accounts and more than 50,000 daily active users have grown later. Retail traders who use the front-end can continue to act without costs, while API trade, market makers and high-frequency trade (HFTS) are now subject to reimbursements. The protocol has also implemented rules to automatically block trade and Sybil attacks.
Looking ahead, the team says that it is planning to expand the composability with Ethereum Defi and other L2 ecosystems, making his push to become a core player on the market of Onchain derivatives.