As the main competitor of Hyperliquid, the perpetual decentralized exchange (perp DEX) Lighter is sparking airdrop speculation, with Polymarket traders betting that it will issue tokens before the end of the year.
Lighter DEX's core contributor Sebas (also known as Babastianj) announced on Monday in the project's Discord channel that the platform is completing key processes for the highly anticipated token generation event (TGE).
He pointed out: "We are in the final sprint of the second quarter, running data science to remove witch hunts, self-trading, and wash trading points." He added that all points that have been cut and removed will be redistributed to the community.
This statement sparked optimism in the market regarding the Lighter airdrop, and on Monday, Hyperliquid launched the yet-to-be-released Lighter token pair against USDC, further enhancing this expectation.
Lighter's airdrop allocation form is open until Friday
Lighter launched the airdrop allocation form on Sunday, allowing users to allocate their tokens to up to four additional wallets.
This optional form allows users to allocate different amounts of tokens for each wallet, with submissions due by Friday.
Sebas stated on Discord: "If you qualify but do not submit this form, the airdrop will be sent to your Lighter main account."
Lighter transferred 250 million LIT tokens on Friday—25% of the total supply—sparking community speculation that this move signifies an upcoming user airdrop before TGE, expected to be completed by December 31.
According to Lighter, its first-quarter point program officially ended private testing distribution on September 30, and second-quarter points will be distributed every Friday.
These points are earned by running organic trading strategies through the user interface and application programming interface.
Polymarket's odds for the Lighter airdrop reached 86%
Amid rising community anticipation, the odds on the prediction market Polymarket regarding the Lighter airdrop occurring before the end of the year continue to rise, with $9.5 million in trading volume supporting this prediction to be realized by December 31.
According to data, at least 86% of traders have placed their predictions on the 'yes' scenario.
On-chain analyst Andrew 10 GWEI previously pointed out that based on purported insider betting evidence on the Polymarket platform, the airdrop event will occur before the end of December.
This news follows Lighter's completion of a $68 million funding round announced in November, led by Peter Thiel's Founders Fund and fintech investment firm Ribbit Capital, after the platform launched its public mainnet in October.
Lighter was founded in 2022 by tech entrepreneur Vladimir Novakovski and has developed into a key competitor in the perpetual decentralized exchange market, currently ranked as the second largest perpetual DEX, only behind Hyperliquid, according to DefiLlama data.
In mid-December, major US cryptocurrency exchange Coinbase will include Lighter in its listing roadmap, indicating that the platform may list this yet-to-be-generated token in the future.
