I was looking into @Lighter_xyz and my thesis on @HyperliquidX was right all along...
HL has ALWAYS been just a centralized perp exchange with wallet connect
it's basically a CEX with Privy
deposits aren't even safe, it's just a multisig
but @lighter_xyz is an actual on-chain DEX.. truly decentralized in every way possible, and it's an even better product than HL
trustless, deposits/transactions can't be rugged
don't get me wrong - HL has one crazy feature:
Hyperunit's spot deposits/withdrawals kill Binance
that's genuinely insane.. but that's it
HL = Binance killer
Lighter = actual DEX
and once they release their token and everyone gets rich off it... they won't stay loyal to HL anymore
Lighter is taking over
@Lighter_xyz @HyperliquidX USDC on HL seems topped as well since people started farming Aster + Lighter

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