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L Leon_Defi
Leon
@Leon_Defi

Hyperliquid ($HYPE) sits at a ~$17.6B market cap with strong dominance in perps. It delivers high volume, ~$9B open interest, and uses nearly all fees for buybacks. @Lighter_xyz ($LIT) currently trades at a ~$430M market cap (price ~$1.7). → Key metrics: - TVL: ~$506M (mostly on Ethereum) - OI: ~$700M - Cumulative perp volume: $1.676T - It’s already doing roughly 20% of Hyperliquid’s volume $LIT generates meaningful activity and buybacks but trades at a fraction of $HYPE’s valuation. → Why Lighter is different: Lighter uses ZK proofs for fully verifiable matching and liquidations. It offers zero-fee commodities trading, Ethereum composability, and a strong mobile app. These give it real advantages in RWA and TradFi flows that Hyperliquid doesn’t have the same way. Recent on-chain data shows $LIT buying back nearly 2x more of its own supply than @HyperliquidX YTD relative to size. The risk is execution and broader market conditions. Watch volume and OI closely.

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44 replies collected of 48 X reports
Lynn @NKLinhzk · 22K

@Leon_Defi @Lighter_xyz $lit has serious potential over $hype

Dylan.迪伦丨🌊RIVER🐬TermMax @BTC99M · 108K

@Leon_Defi @Lighter_xyz That’s a solid comp breakdown, actually makes LIT look like a steal right now.

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Amelie🔶BNB @BtcAmelie ·

@Leon_Defi @Lighter_xyz Missing a zero, that's outrageous.

original · zh

@Leon_Defi @Lighter_xyz 少了个零,离谱

Chuzi @Chuzi_Defi ·

@Leon_Defi @Lighter_xyz zero fee commodities gonna age like gold

Levi @Levi_Researcher ·

@Leon_Defi @Lighter_xyz crazy how $lit is doing 20% of $hype’s volume but the price gap is still a canyon

1
Death Viper ⟠ @deathv1per ·

@Leon_Defi @Lighter_xyz ZK proofs drive lasting advantage

1 1
evren 🚢 @evrendag1284 ·

@Leon_Defi @Lighter_xyz Lighters ZK proofs could indeed disrupt traditional market dynamics significantly

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Ucaird @Ucaird_zenith · 18K

@Leon_Defi @Lighter_xyz Solid point on the ZK proofs and tradfi flows

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Jemmie (Comeback Arc) @Jemmie1155431 ·

@Leon_Defi @Lighter_xyz Where can I get it?

Suki🌊RIVER @SOL69K ·

@Leon_Defi @Lighter_xyz The difference is quite large

original · ja

@Leon_Defi @Lighter_xyz 差距有点大

Fairu ✳️ @Fairu_90 ·

@Leon_Defi @Lighter_xyz Solid breakdown

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Batuhan AKÇA @Batuhan_Akca332 ·

@Leon_Defi @Lighter_xyz thanks for highlighting lighter's progress and unique advantages

Isaac Bassey @0xBassey · 11K

@Leon_Defi @Lighter_xyz $HYPE is the ticker

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TRG @adibaiqbalsidd1 ·

@Leon_Defi @Lighter_xyz hype valuation is just too sticky to beat

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Vibe✨元气桃桃 @Vibe718 · 65K

@Leon_Defi @Lighter_xyz Market cap gap is wild

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BitBull @AkaBull_ · 43K

@Leon_Defi @Lighter_xyz The valuation gap is interesting, but market cap differences often reflect maturity, not just usage.

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Trathoa @Trathoa · 22K

@Leon_Defi @Lighter_xyz LIT trades lower than HYPE despite activity

1
Fabius DeFi @FabiusDefi · 19K

@Leon_Defi @Lighter_xyz This reminds me of the crypto market in 2017 when prices skyrocketed suddenly.

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The Altcoin KING @0xAltKing · 29K

@Leon_Defi @Lighter_xyz Do you think $LIT is hitting a new ATH soon ?

1
Jimmy @Jimmyyweb3 ·

@Leon_Defi @Lighter_xyz ZK + zero fees = unfair advantage

Henry @LordOfAlts · 41K

@Leon_Defi @Lighter_xyz Bullish fundamentals backed by strong buyback pressure

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Nikiton @Nikitont ·

@Leon_Defi @Lighter_xyz There hasn't been much news from them lately

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THE ANGEL @TheDeFiAngel · 49K

@Leon_Defi @Lighter_xyz The ZK-based model is definitely a strong differentiator

1
Simon Desue @SimonDesue · 423K

@Leon_Defi @Lighter_xyz lighter at 20% hype volume is seriously undervalued

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Julia @_Juliaweb3 ·

@Leon_Defi @Lighter_xyz ZK math don’t lie, price will catch up

Lina 🦅 @XNXX_EN · 167K

@Leon_Defi @Lighter_xyz that's a really solid breakdown of the LIT vs HYPE setup

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Neki @NekiWeb3 ·

@Leon_Defi @Lighter_xyz zk proof adoption could be the real game changer

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绒绒🐰Bunny @Bunnyy566 · 27K

@Leon_Defi @Lighter_xyz LIT feels like a hidden gem

1
DeFi Tiger @defi_tigerr ·

@Leon_Defi @Lighter_xyz zk is interesting retention is the real test

兔叽 Miao @Bunny69v · 11K

@Leon_Defi @Lighter_xyz Buying this is a steal!

original · zh

@Leon_Defi @Lighter_xyz 买到就是赚到

Defi Rocketeer @Defi_Rocketeer · 167K

@Leon_Defi @Lighter_xyz $LIT fundamentals look interesting

Kylobayd @kylobtc · 37K

@Leon_Defi @Lighter_xyz Valuation gap looks hard to ignore

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0xFerdi.eth @mr_ferdiansah ·

@Leon_Defi @Lighter_xyz mate, excited to see what comes next

1
Renksi @renksieth · 54K

@Leon_Defi @Lighter_xyz Valuations look wild, execution will separate winners eventually still

1
Kong Trading 🦍 @KongBTC · 120K

@Leon_Defi @Lighter_xyz Twenty percent of HYPE volume at that valuation is wild

1
Brain Master @Brainmaster · 30K

@Leon_Defi @Lighter_xyz All the way to hyper

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Dom T. @DomOnChain · 47K

@Leon_Defi @Lighter_xyz That valuation gap is pretty wild

1 1
Dr.OVG @OVGNFT · 45K

@Leon_Defi @Lighter_xyz Hyperliquid volume comparison is huge

2
🌱ESH (#1 on Base Arc) @ItsEshOnX · 27K

@Leon_Defi @Lighter_xyz 20% volume at 2.5% valuation... nah that don’t add up

1
andrew.moh @andrewmoh · 51K

@Leon_Defi @Lighter_xyz Oh Lighter is available on mobile?

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AYprotocols® @AYprotocols · 21K

@Leon_Defi @Lighter_xyz Hype I ma really beating expectations

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Karamata_ 💎 @Karamata2_2 · 30K

@Leon_Defi @Lighter_xyz I also think $LIT has a lot of potential.

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Yaki @Yaki_fomoArt ·

@Leon_Defi @Lighter_xyz What's the potential upside for $LIT if it gains similar traction to $HYPE in the perps market

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Jason傑森 🇭🇰 | 🛠️ @cheuk_baby · 16K

@Leon_Defi @Lighter_xyz It seems like everyone's hyping up Hype.

original · ja

@Leon_Defi @Lighter_xyz 好像都在炒Hype哦

1