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Lighter raises $68m at $1.5b valuation to take on decentralized derivatives rivals Share this article lighter, a decentralized perpetual trading protocol, has secured $68 million in funding led by peter thiel’s founders fund and ribbit capital, with participation from haun ventures and robinhood, according to fortune. Lighter, an ethereum layer 2 dex, hits $1.5b valuation post $68m funding

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Plans spot trading launch and q4 token airdrop, challenging uniswap's amm model. Operates as a custom layer 2 on ethereum, focusing on verifiable matching and liquidations Lighter dex secures $68m from founders fund and ribbit capital, hitting a $1.5b valuation before its token generation event.

As opposed to hyperliquid, which runs on its own layer 1 blockchain, lighter runs on its own layer 2 on ethereum, which novakovski mentioned as a key distinguisher between the two competing products.

Discover how lighter raised $68m to redefine decentralized finance