In recent days, it is said that several potential members of the LIGHTER team have purchased $125,000 of YES on Polymarket: Will LIGHTER have its TGE before the end of the year?
Friends betting on the DEX track can pay attention, below we briefly compare the current DEX leader $HYPE and LIGHTER's respective advantages and disadvantages:
Core Architecture:
HYPE: A high-performance Layer 1 public chain tailored for trading
LIGHTER: A dedicated ZK Rollup based on Ethereum
Privacy Aspect:
HYPE: Transparency first, low privacy for order positions, all order and position information is fully public on-chain, transparent trading positions may encounter liquidation hunting or malicious sniping
LIGHTER: High privacy for order positions, utilizing zero-knowledge proof technology, aimed at encrypting transaction validation to protect user trading strategies
Degree of Decentralization:
HYPE: Theoretically decentralized, but in practice there are fewer validating nodes, the execution layer is relatively centralized
LIGHTER: Centralized execution layer (single Sequencer), but achieves decentralized validation through ZK proofs, with assets secured by the Ethereum mainnet
Performance and Experience :
HYPE: Extremely high throughput, speed comparable to centralized exchanges, smooth experience
LIGHTER: Millisecond-level latency, sub-second generation of ZK proofs, experience close to that of centralized exchanges
Business Model and Costs:
HYPE: Clear tiered fee structure (maker/taker), discounts available through staking tokens
LIGHTER: Zero fees for ordinary users, revenue comes from charging advanced users for paid API services
Liquidity Depth :
HYPE: Strong market-making funds, excellent liquidity, tight spreads on mainstream trading pairs
LIGHTER: Relatively shallow liquidity, especially on niche trading pairs, the actual trading spread may be larger
Innovation and Ecosystem :
HYPE: Balanced and mature functions, supports users building their own markets (HIP-3), ecosystem developing towards general-purpose public chains (HyperEVM)
LIGHTER: Focused on innovations in trading experience, planning margin reuse function for LLP liquidity pools, great potential in conjunction with the Ethereum DeFi ecosystem.
