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The Ethereum-based decentralized finance (DeFi) platform went live in October after initially raising $21 million in a previous round led by Haun Ventures. Lighter Becomes Crypto’s Latest Unicorn After $68M Round Lighter, the new kid on the block competing against perpetual futures giant Hyperliquid, announced a $68 million round on Tuesday, led by Peter Thiel’s … Read more
Vladimir Novakovski’s blockchain startup Lighter has secured $68 million in fresh funding from top-tier backers, marking one of the most notable reverse pivots in Silicon Valley—from artificial intelligence (AI) back to crypto. According to a Forbes report, Lighter’s $68 million round was led by Peter Thiel’s Founders Fund and Ribbit Capital, with participation from Haun … Read more
21shares US LLC, a subsidiary of 21.co recently acquired by Falconx, filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on Wednesday, to launch the 21shares Hyperliquid ETF — a fund that tracks the spot price of HYPE, the native token of the Hyperliquid blockchain. SEC Filing Reveals 21shares’ Plan for HYPE-Tracking … Read more
The new decentralized exchange (DEX) is built on top of the Sui blockchain which recently topped $2.6 billion in total value locked (TVL). A New Contender Emerges in the $1 Trillion Perpetual DEX Race Perpetual DEXs topped $1 trillion in trading volume last month, spurred by the emergence of new players such as YZi Labs’ … Read more
Hyperliquid Strategies Inc. (HSI), formed from an $888 million reverse merger between Sonnet Biotherapeutics Holdings Inc. and Rorschach I LLC, has filed a Form S-1 registration with the U.S. Securities and Exchange Commission (SEC) to raise up to $1 billion through an offering of 160 million shares of common stock. Hyperliquid Strategies Files $1B IPO, … Read more
Perpetual DEX trading volumes topped $1.43 trillion in September, a nearly 50% month-over-month increase. Aster led with more than $670 billion, while Hyperliquid and Lighter crossed $100 billion each. Perp DEX Volumes Break $1.4 Trillion in September, Led by Aster and Hyperliquid Perpetual decentralized exchanges (Perp DEXs) recorded a historic milestone in September, with monthly … Read more
With the perpetual decentralized exchange (DEX) wars blazing hotter than a meme coin rally, defillama.com shows the battlefield tally: nearly a trillion dollars in trades over the last week, with a cool $869.189 billion stamped on the books. Aster and Hyperliquid Command 52.80% of $869B Perp DEX Market Perp DEXs are the current obsession, and … Read more
Perpetual futures have become crypto’s main event, and the perp DEX wars—led by Hyperliquid, Aster, GMX, DYdX, ApeX, Drift, Jupiter, EdgeX, and Sunperp—are where the action won’t quit. From Order Books to Onchain: Inside 2025’s Perp DEX Dogfight Perpetuals are derivatives without an expiry; funding payments between longs and shorts keep contract prices tethered to … Read more
Tron’s latest entrant in decentralized derivatives, Sunperp, has opened for traders, adding a new venue to a field crowded by perp players like Hyperliquid, Avantis, Aster, Dydx, GMX, and Jupiter. Sunperp Opens on Tron; Traders Eye Fees, Slippage, and Funding Positioned as a perpetuals-focused decentralized exchange (DEX) on Tron, Sunperp outlines design choices aimed at … Read more