Lighter Valuation Surpasses Pump.fun and Jupiter: Can LIT Overtake Hyperliquid?
Lighter (LIT) is a decentralized perpetual futures alternate constructed on Ethereum Layer 2. After distributing 25% of its whole provide by an airdrop, traders count on LIT’s market capitalization to proceed rising.
Why do traders stay optimistic about Lighter’s potential, and what dangers ought to be thought-about now? The following article examines these questions intimately.
Lighter Valuation Surpasses Pump.enjoyable And Jupiter
Previously, Lighter raised $68 million at a valuation of $1.5 billion. Shortly after launch, Coinbase listed LIT with the LIGHTER-USD buying and selling pair. The value presently fluctuates round $2.7–2.9, with a totally diluted valuation (FDV) of roughly $2.7 billion.
After the airdrop, the market noticed important exercise from a whale investor. On-chain analytics account Lookonchain reported that at the very least three whale wallets deposited 9.98 million USDC into Lighter to buy LIT.
A BeInCrypto report stated that enormous patrons are absorbing LIT provide. This habits helps maintain shopping for strain and help the value. It means that some traders consider in LIT’s upside potential, particularly throughout its early value discovery section.
Data from CoinGecko shows that, regardless of being newly launched, Lighter’s valuation has surpassed Pump.enjoyable and Jupiter. Lighter now ranks fourth within the Decentralized Exchange (DEX) Coins sector, behind Hyperliquid, Aster, and Uniswap.
Investors consider Lighter’s FDV could not cease at $2.7 billion. They count on it may rise considerably larger.
Investors Expect Lighter (LIT) Valuation to Match Aster or Even Hyperliquid
Several causes help this perception.
First, by way of consideration, Lighter stands out clearly. Dexu AI reported that Lighter (LIT) presently holds the very best mindshare amongst perpetual derivatives protocols.
After Jupiter and Hyperliquid, Lighter recorded sturdy progress within the variety of “good followers.” In addition, Lighter has a robust group of maxis. It ranks third, behind Hyperliquid and Aster.
Second, regardless of its current launch, Lighter has achieved a 24-hour buying and selling quantity corresponding to Aster. Its quantity carefully trails Hyperliquid. Lighter’s 7-day and 30-day volumes even outperform each rivals.
“Very shut competitors. Hyperliquid. Lighter. Aster. Only one will win…” investor Alex said.
As a end result, traders believe Lighter has the potential to achieve an FDV much like Aster, round $5.5 billion. This situation implies that LIT’s value may double from its present degree of $2.7.
Some traders even expect LIT to overhaul HYPE. Hyperliquid’s FDV stands at round $25 billion. This would counsel practically a tenfold improve for LIT.
However, these comparisons rely closely on hype-driven sentiment. Some analysts strongly disagree.
What About The Risks?
An X consumer, Henrik observed that Lighter misplaced roughly 25% of its open curiosity over the previous three weeks. He additionally in contrast the P/E ratios of the 2 tasks. The comparability exhibits that LIT trades at the next valuation than HYPE, regardless of having weaker fundamentals.
“Given this, LIT is presently dearer than HYPE on each circulating and totally diluted metrics, regardless of weaker fundamentals. Additionally, 100% of Hyperliquid income is directed towards buybacks, whereas LIT’s income distribution and token worth accrual stay unclear. Fundamentally, there isn’t a clear catalyst for LIT, and airdrop-related churn is prone to persist for a while,” Henrik said.
Additionally, the decline in income following the Token Generation Event (TGE) raises issues. Analyst TylerD observed that Lighter’s income dropped from $1.5 million per day on November 21 to $150,000 per day in December. This represents a tenfold decline.
Historical information present that airdrop incentives usually drive buying and selling quantity larger, briefly boosting income. For long-term progress, nonetheless, Lighter should show clear benefits over rivals. The venture should additionally stay resilient in opposition to broader market headwinds.
The publish Lighter Valuation Surpasses Pump.fun and Jupiter: Can LIT Overtake Hyperliquid? appeared first on BeInCrypto.
