The common critique of zero-fee trading venues is that the business can’t be profitable. Below I explain how free trading venues are profitable and why they can offer tighter spreads, by highlighting flow segmentation and latency speed bumps. What is PFOF? Payment for Order

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🤳ในที่สุดก็มา! Ledger เปิดตัว Product ใหม่ + สรุป Insight น่าสนใจจากงาน Ledger OP3N Replay Bangkok Ledger OP3N Replay Bangkok จัดใหญ่จัดเต็ม สมกับที่เดินสายจัดตามเมืองใหญ่ทั่วโลก ภายในงานบอกเลยว่า Exclusive มาก ได้เจอทั้งทีมงาน Ledger ระดับ Global

ช่วงเดือนที่ผ่านมา ก่อนที่ตลาดจะแตกหนึ่งในกระแสที่ได้รับความนิยมมากที่สุดในโลกคริปโตฯนั้นคือ “Perpdex” หากเราพูดถึง Perpdex จะไม่พูดถึง Hyperliquid ก็ยังแปลกๆ เพราะถึงแม้ว่าจะเกิด Liquidation ครั้งใหญ่ไปเมื่อวันที่ 10.10 ทำให้ OI ของ Hyperliquid หายไปถึงครึ่งหนึ่ง

Lighter upside New field - Equity - Fx - Easy and cheep ui/ux compare to tradefi - Sound underlying assets perp Spot expanding - Btc, eth .. - TVL upside - Hedging OI upside - Overwhelmingly good terms compare to uniswap Unified margin - Large OI - Most of Aster’s OI come from

Honestly, I’m a simple guy, and life has taught me to trust only what I see with my own eyes — and I know very well how people can play games with statistics So I decided to check for myself whether Lighter really has such huge order execution delays and slippage that it makes

We are announcing the Lighter Infrastructure Token (LIT)! Lighter is building infrastructure for the future of finance and the native token is key to aligning incentives. In this thread, we will describe the structure of the token, broader vision, and roadmap of use cases.

The ticker is $LIT. x.com/Lighter_xyz/st…

We have launched the $LIT perp at 5X leverage!

This has been a long time coming. Today marks a major milestone for institutions looking to onboard onto onchain derivatives. We’re opening up our off-exchange, custody-agnostic solution with Strands.

Major milestone in Lighter being fully composable with the entire Ethereum ecosystem with Lighter EVM! x.com/Lighter_xyz/st…

We have the pleasure of announcing that Variant has invested in DRV. Variant invests in market structure. Their thesis is straightforward: we’ve become the volatility layer onchain and options-based yield is the next wave of institutional capital.

[BREAKING] AI agents can now read the blockchain. For the next 72 hours, we’re opening public access so you can try it yourself. Agent-ready, real-time onchain data accross 150+ chains.

We had the first battle test of LLP Strategies in the last several hours. TLDR: it worked as expected and protected LLP holders as well as traders. Deep dive in this thread.

Lighter is designed to promote fair and robust market structure. - Premium maker orders have zero latency - Taker orders have a minimum of 140ms latency for the highest staking tier - Market makers can update their orders at any time based on their perception of "fair price,"

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0/ Introducing: Exposure.Forum One screen to answer three questions: – Which curator got hit? – Which protocol lost how much? – Is my vault actually safe? Beta is coming soon, starting with Resolv-focused coverage. resolv.exposure.forum

We are doing our End of Q1 Investor Call tomorrow at 1PM ET. It will be an update from our founder Vladimir Novakovski and a Q&A session. The recording will be posted afterwards. If you'd like to join the Q&A in realtime, please DM us here!

We’re excited to share the recording of our Q1 Investor Update call. Thank you to everyone who joined — we’re building Lighter with you, and for you. On to Q2! 🕯️