Lighter OTC points are trading around $120 Implied FDV = $5B+ Competitor Benchmarking: Aster vs. Hyperliquid ⤼ Aster – If Lighter matches Aster’s FDV, each point could be worth around $250. ⤼ Hyperliquid – If it reaches Hyperliquid’s scale, each point could value near $700. I see these projections as benchmarks, and given Lighter’s trajectory, they’re within striking distance Let's take it from the top... 👇 ‣ The Lighter Points System & Airdrop The Lighter Points Program rewards organic activity - trading, referrals, and liquidity provision. Season 1 (Private Beta, ended Sept 30, 2025): 3.4M+ points distributed. Season 2 (Oct–Dec 2025): 250K+ points weekly; 9M+ total issued with ~10 weeks left for 2.5M more. How to earn: 𝓪. Trade perps and spot pairs. 𝓫. Refer your guys (up to 3x multipliers). 𝓬. Provide liquidity via LLP for yield + bonus points. Points are trading OTC at ~$100 - 120 each, implying a $4 - 5B FDV. → If valued like Aster, 1 pt ≈ $250. → If valued like Hyperliquid, 1 pt ≈ $700. Most expect a TGE in Q4 2025, where points convert into $LIGHT tokens. ‣ Step-by-Step: How to Farm the Airdrop ⅰ. Go to → Start Trading. ⅱ. Connect a wallet (MetaMask, Zerion, WalletConnect). ⅲ. Deposit USDC from Ethereum, Arbitrum, or Base. ⅳ. Trade pairs like $ETH-PERP or $MON-PERP (no fees). ⅴ. Refer your friends and foes (unlock at 100 pts). ⅵ. Add liquidity to LLP pools for passive yield. Track on and stay active till EOY 2025. 💡 My advice: Aim for 5K+ points to secure top-tier airdrop eligibility. Lighter is an @arbitrum-based Perp and Spot DEX that leverages zero-knowledge proofs for secure and verifiable trading. ‣ Infrastructure It delivers sub-10ms latency and thousands of transactions per second, rivaling centralized exchanges while staying fully decentralized. Supporting 90+ trading pairs, including majors like BTC, ETH, SOL, and trending assets like $MON, $ZEC, $RESOLV, $ZORA. ‣ Behind @Lighter_xyz = Tech Lighter batches trades off-chain via ZK-rollups and posts cryptographic proofs on Ethereum. Its Verifiable Matching Engine enforces strict price-time priority, while a proof-based Risk Engine auto-liquidates risky positions without centralized keepers. Everything - from trade execution to liquidation, is mathematically verified for full transparency. Achieving 5ms trade finality, supports API sub-accounts, and runs on audited ZK circuits listed on DeFiLlama and Dune dashboards. ‣ Upcoming Updates Spot trading launches in <25 days. Meme airdrop + new listings ($RESOLV, $GRASS). USDT & new collateral types coming Q4. Cross-L2 expansions + deeper LLP analytics in 2026. Key highlights: Up to 25x leverage on select markets. ZK-verified order matching - no MEV, no front-running. Lighter Liquidity Pools (LLP) with yield + protocol fee sharing. Cross-chain access via Ethereum, Arbitrum, Solana, Base, Avalanche, and HyperEVM. Since its October 2025 mainnet launch, Lighter surpassed $1B TVL, hit 188K+ accounts, and sees 50K+ daily active traders - already rivaling Hyperliquid in volume. ‣ Lastly I see @Lighter_xyz as a solid perp DEX - a verifiable trading layer for on-chain markets. Do what you want with info... Don`t miss out.

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