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Don't remind me again today

The Ethereum ecosystem has made another significant financing move.



The perpetual contract trading protocol Lighter has just secured $68 million, led by Ribbit Capital and Founders Fund, with the backing of institutions like Robinhood and Haun Ventures. The most outrageous part is that the valuation has reached $1.5 billion.

Speaking of this project, I started paying attention to it back in April when it was still in the early stages. It seems that my judgment at that time was correct; being able to attract so many top VCs indicates that the competitive landscape of the perpetual track is indeed being reshuffled. The derivatives protocol built on Ethereum has its uniqueness in the technical aspects.

After this round of financing, Lighter should accelerate product iteration and market expansion. The perpetual contract market is large enough; it just depends on who can really capture the users.
ETH-2.42%
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NFT_Therapy_Groupvip
· 9h ago
Only 1.5 billion, not enough to watch.
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FloorSweepervip
· 9h ago
weak hands gonna get rekt on this one... seen it all before tbh
Reply0
GasWastingMaximalistvip
· 9h ago
Perpetual is the ultimate winner!
View OriginalReply0
AlphaLeakervip
· 9h ago
Pros are increasing their stakes again.
View OriginalReply0
GweiTooHighvip
· 9h ago
VC has cut the leeks again.
View OriginalReply0
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