Lighter

While it's still in "private beta", I have been using lighter for perp trades. I haven't done a lot of perp trades in the past, but the Lighter UI is fairly easy to navigate for someone new to perps like myself. It's been an overall pretty great experience, and I'm excited to see how they continue to iterate and improve their product. The no-fees currently are definitely a bonus!

Tried Lighter_xyz with a small account. Connected wallet, deposited a bit of USDC, and ran a few perps on majors to see how it feels. Latency was low, fees were light, and fills were consistent for my size. The standout part is the verifiable matching and liquidations, you can trade knowing the matching engine is backed by zk proofs, not just trust

The private beta phase of the Lighter perp DEX has recently ended, and it is now open to the public with no invitation code required. Lighter is a highly powerful perp DEX, with trading volume often ranking among the top three perp DEXs, and at times even surpassing Hyperliquid. Its interface is extremely simple and user-friendly. For every position you open, you earn points based on certain details, although earning points has become more difficult compared to before. On the OTC market, each point is currently valued at around $60, which clearly reflects the high expectations for future rewards. The exact point system hasn’t been fully disclosed yet, which seems to be a deliberate decision by the team to prevent farming and ensure priority goes to real traders. I personally use Lighter depending on my needs, and I’m glad to see such a strong perp DEX enter the market. Of course, the future will tell the full story, but so far the Lighter team has done an excellent job.

I have never been this bullish on a DEX since Lighter. I started using it 4 months ago, and now it’s my favorite. Not just me — many traders are enjoying the clean UI, zero market fees, points system, and solid business model they’ve built. Great to see Lighter onboarding so many users and leading the DEX game among tokenless protocols

Been using Lighter for a good couple of months now. I honestly starter using it in order to farm the upcoming airdrop but the good trading experience made me use it for my normal trading as well. Clean UI, zero fees, good liquidity, fast execution. Plus a future airdrop, it's hard to beat that.

I've been using the exchange for three weeks. The team is constantly improving the product. A big plus is the 0% trading fees. Everything works quickly and stably, with all the functionality traders need. Liquidity is sufficient, though there is some slippage.

I’ve been checking out @Lighter_xyz, and honestly, it looks really promising. The design is clean, the idea sounds fresh, and the community vibe feels authentic. That said, there’s still not much info out there, the roadmap’s a bit vague and details are limited. If the team delivers on what they’re teasing, this could turn into something big. For now, I’m definitely keeping an eye on it.

Lighter has zero fees and a clean design, which makes trading easy. It is great for small traders because no fees eat your profits. The platform is fast and safe. I think it is a good choice for anyone who wants to trade without paying extra.

New project jumping on the futures bandwagon for massive transaction farming. Mainly, accounts need to be burned to generate fees and volume in order to obtain the airdrop. It's the new trend now, with many projects of this type emerging. Lighter is one of the best and most popular. I've tried it briefly and the truth is that it works quite well. It has no interruptions or failures, the fees are reasonable... Many apps of this type tend to fail and process orders incorrectly, which causes you to lose money. In this sense, Lighter has no problems.

First DEX with 0% commission,platform's revenue comes from selling traffic to market makers. Some figures - Daily volume $4.4B,TVL $557m,TGE Q4 2025,Airdrop ~30% of tokens. At $3B FDV = 1 point = $75 Why is this a no-brainer?Are you still thinking about whether to farm or not? At current rates, the cost of 1 point is ~ $3-8 Can a project like Lighter go below $1B FDV? - No