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Lighter otc points are trading around $120
Implied fdv = $5B+
Competitor Benchmarking: Aster vs. Hyperliquid
⤼ Aster – If Lighter matches Aster’s FDV, each point could be worth around $250.
⤼ Hyperliquid – If it reaches Hyperliquid’s scale, each point could value near $700.
I see these projections as benchmarks, and given Lighter’s trajectory, they’re within striking distance
Let's take it from the top... 👇
‣ The Lighter Points System & Airdrop
The Lighter Points Program rewards organic activity - trading, referrals, and liquidity provision.
Season 1 (Private Beta, ended Sept 30, 2025): 3.4M+ points distributed.
Season 2 (Oct–Dec 2025): 250K+ points weekly; 9M+ total issued with ~10 weeks left for 2.5M more.
How to earn:
𝓪. Trade perps and spot pairs.
𝓫. Refer your guys (up to 3x multipliers).
𝓬. Provide liquidity via LLP for yield + bonus points.
Points are trading OTC at ~$100 - 120 each, implying a $4 - 5B FDV.
→ If valued like Aster, 1 pt ≈ $250.
→ If valued like Hyperliquid, 1 pt ≈ $700.
Most expect a TGE in Q4 2025, where points convert into $LIGHT tokens.
‣ Step-by-Step: How to Farm the Airdrop
ⅰ. Go to → Start Trading.
ⅱ. Connect a wallet (MetaMask, Zerion, WalletConnect).
ⅲ. Deposit USDC from Ethereum, Arbitrum, or Base.
ⅳ. Trade pairs like $ETH-PERP or $MON-PERP (no fees).
ⅴ. Refer your friends and foes (unlock at 100 pts).
ⅵ. Add liquidity to LLP pools for passive yield.
Track on and stay active till EOY 2025.
💡 My advice: Aim for 5K+ points to secure top-tier airdrop eligibility.
Lighter is an @arbitrum-based Perp and Spot DEX that leverages zero-knowledge proofs for secure and verifiable trading.
‣ Infrastructure
It delivers sub-10ms latency and thousands of transactions per second, rivaling centralized exchanges while staying fully decentralized.
Supporting 90+ trading pairs, including majors like BTC, ETH, SOL, and trending assets like $MON, $ZEC, $RESOLV, $ZORA.
‣ Behind @Lighter_xyz = Tech
Lighter batches trades off-chain via ZK-rollups and posts cryptographic proofs on Ethereum.
Its Verifiable Matching Engine enforces strict price-time priority, while a proof-based Risk Engine auto-liquidates risky positions without centralized keepers.
Everything - from trade execution to liquidation, is mathematically verified for full transparency.
Achieving 5ms trade finality, supports API sub-accounts, and runs on audited ZK circuits listed on DeFiLlama and Dune dashboards.
‣ Upcoming Updates
Spot trading launches in <25 days.
Meme airdrop + new listings ($RESOLV, $GRASS).
USDT & new collateral types coming Q4.
Cross-L2 expansions + deeper LLP analytics in 2026.
Key highlights:
Up to 25x leverage on select markets.
ZK-verified order matching - no MEV, no front-running.
Lighter Liquidity Pools (LLP) with yield + protocol fee sharing.
Cross-chain access via Ethereum, Arbitrum, Solana, Base, Avalanche, and HyperEVM.
Since its October 2025 mainnet launch, Lighter surpassed $1B TVL, hit 188K+ accounts, and sees 50K+ daily active traders - already rivaling Hyperliquid in volume.
‣ Lastly
I see @Lighter_xyz as a solid perp DEX - a verifiable trading layer for on-chain markets.
Do what you want with info... Don`t miss out.

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What is cryptocurrency?
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When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as ZORA have been created as well.
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