Lighter, a decentralized derivatives exchange, is up more than 20% this week. Seven days ago, it was trading below $3; now it’s above $3.60.
The reason for the rally isn’t coming from the trading floor, but from outside the arena: Lighter announced it plans to apply for a U.S. CFTC derivatives license in November. DEXs have generally steered clear of regulators, so this move to join the U.S. club of licensed platforms is a narrative the market can easily run with. The community is also buzzing that Robinhood might integrate with it. There’s been no official confirmation, but traders are already betting that something could be in the works.
A month ago, it was still down more than 20%, and it’s been wildly volatile the whole time. With money driven purely by events like this, people sell the news when it comes through—and sell even harder when it doesn’t.#去中心化交易所
