$LIT is interesting here. Lighter is basically a Hyperliquid competitor, and they just said they're filing with the CFTC this month to offer US perps.
The logic is simple: whatever narrative pumps $HYPE should eventually flow to Lighter. But $HYPE ran while $LIT dumped, so the valuation gap is wide.
Not saying it's a sure thing, but if you believe the perps narrative has legs, this is the asymmetric play. Cheaper entry, similar exposure.
The logic is simple: whatever narrative pumps $HYPE should eventually flow to Lighter. But $HYPE ran while $LIT dumped, so the valuation gap is wide.
Not saying it's a sure thing, but if you believe the perps narrative has legs, this is the asymmetric play. Cheaper entry, similar exposure.