$LIT or perhaps this is the next $HYPE
Reason: Hyperliquid’s daily revenue is about 2 million, with an FDV of 80 billion; Lighter’s daily revenue is about 150,000, with an FDV of 4.5 billion.
Compared to the same track, LIT is more cost-effective: 0 fees, better user/FDV metrics, and once you’ve used it, you stick around. After HYPE, it relies on U.S. localization and HIP-3/4, but in the industry the things that needed to be in place are already in place. After that, any further rise will depend on new money coming from outside the circle. LIT, on the other hand, has regulatory compliance, Robinhood, and upside expectations from options expansion. Institutions and retail are also still holding relatively small positions—its load is light.
So chasing HYPE right now isn’t worth it. I’m more in favor of LIT. In the PerpDEX arena, it will most likely outperform HYPE later on—just wait and see.
Reason: Hyperliquid’s daily revenue is about 2 million, with an FDV of 80 billion; Lighter’s daily revenue is about 150,000, with an FDV of 4.5 billion.
Compared to the same track, LIT is more cost-effective: 0 fees, better user/FDV metrics, and once you’ve used it, you stick around. After HYPE, it relies on U.S. localization and HIP-3/4, but in the industry the things that needed to be in place are already in place. After that, any further rise will depend on new money coming from outside the circle. LIT, on the other hand, has regulatory compliance, Robinhood, and upside expectations from options expansion. Institutions and retail are also still holding relatively small positions—its load is light.
So chasing HYPE right now isn’t worth it. I’m more in favor of LIT. In the PerpDEX arena, it will most likely outperform HYPE later on—just wait and see.
