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Lite (LIT) is a decentralized perpetual contract exchange built on Layer 2 Ethereum. After distributing 25% of the total supply through Airdrop, investors expect the market value of LIT to continue to grow.
Investors are wondering why they are still optimistic about Lighter’s potential, and what risks should be considered now? The following article reviews these questions in detail.
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Lighter rating surpasses Pump.fun and Jupiter
First, the plural of liter 68 million dollars With an estimated worth of $1.5 billion. Immediately after the launch, Coinbase Including LIT On the trading pair LIGHTER-USD. The price currently ranges around $2.7-2.9, with a fully diluted market value (FDV) of approx. $2.7 billion.
The post-Airdrop market has seen remarkable activity from a large investor (Will). Analytical account of the chain reported to LoCounchain what you do At least three whale wallets deposited 9.98 million USDC in LIT to buy LIT.
The Pinkrypto report noted to Let the big buyers absorb the offer of LIT. This behavior sustains buying pressure and supports the price. This indicates that some investors believe in the potential of LIT, especially during the early price discovery phase.
Data Quinjiku demonstrated what you do Lighter’s ranking, despite its recent release, surpasses Bump, Fun and Jupiter. Lighter is now the fourth in the sector Decentralized exchange currencies (DEX), behind HyperLiquid, Aster and Uniswap.
Investors believe that Lighter’s FDV may not stop at $2.7 billion. They expected it could go much higher.
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Investors expect the value of LIT to match Aster or even HyperLiquid
Several reasons support this belief.
ever In terms of interest, Lighter clearly stands out. Dexo AI reports that LIT currently has the highest share of mind among perpetual derivative protocols.
After Jupiter and Hyperliode, Litere recorded a sharp increase in the number of “smart followers”. Also, Lighter has a strong Maxis community. It is the third, behind HyperLiquid and Aster.
according toDespite its recent launch, Litere achieved similar 24-hour trading volume to Aster. Its size is very close to hyperliquid. Its 7-day and 30-day trading volumes also surpass both competitors.
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Investor Alex said away Tweet The competition is very close: Hyperliquid, Lighter, Aster. Only one will win…
As a result, investors believe in… Tweet Lighter has the potential to reach a market capitalization that matches Aster’s, about $5.5 billion. This scenario indicates that the price of LIT may double from its current level of $2.7.
Some investors are waiting Tweet Even LIT surpasses the HYPE project. Hyperliquid has a market capitalization of about $25 billion. This indicates an increase of almost ten times per LIT.
However, these comparisons rely heavily on noise-driven humor. Some analysts strongly disagree with this view.
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What about risks?
A user “X” named Henrik noticed it Tweet Lighter has lost about 25% of its open interest in the past three weeks. Also compare the P/E ratios of the two projects. The comparison shows that LIT is trading at a higher valuation than HYPE, even though its fundamentals are weaker.
Henrik said that LIT is currently priced higher than HYPE based on trading and fully diluted criteria, although the fundamentals are weaker. In addition, 100% of the revenue of the Hyperliquid is directed towards buybacks, while the distribution of the LIT revenue and the accumulation of the symbolic value are not clear. Basically, there is no clear catalyst for LIT, and airdrop sales are expected to continue for some time. He said that Henrik.
Analyst Taylord noted that the decrease in revenue after the Token Generation Event (TGE) is a cause for concern. Where Tylerd noticed what you do Lighter’s revenue dropped from $1.5 million per day on November 21 to $150,000 per day in December. This represents a tenfold decrease.
Historical data shows that the incentives generated by the airdrop often drive business volumes temporarily higher, increasing revenue. However, for long-term growth, Lighter must demonstrate clear advantages over competitors. The project must also maintain its flexibility in the face of general market fluctuations.
