A distributed permanent exchange, Lighter launched the Ethereum Layer 2 Public Mainnet after eight months of beta testing. The protocol introduces verifiable ZK-based trading and launches a second season of the points program, running until 2025.
High lipid rival writers will be live at Ethereum L2
Lighter is a decentralized permanent trading platform positioned as a high lipid competitor, and after eight months of private beta testing, it launched the Ethereum Layer 2 public mainnet.
According to X Post, the protocol offers low cost, low latency, permanent transactions with custom zero knowledge (ZK) circuits. Designed to replicate the speed and efficiency of high-frequency finance, Lighter aims to deliver the Exchange-Grade experience directly on-chain.
Since opening the beta to just 100 traders, Lighter has grown to over 188,000 unique accounts and over 50,000 daily active users. Retailers using front-ends can continue trading without fees, but API trading, market makers, and radio frequency trading (HFTS) are currently eligible for fees. The protocol also implements rules to automatically block washing transactions and civil attacks.
The team says it plans to expand its complexity in Ethereum Defis and other L2 ecosystems and bolster its push to become a core player in the on-chain derivatives market.
