More features launched: competition leaderboard (see screenshot 🐟), new languages - Turkish 🇹🇷 and Spanish 🇪🇸, close-all and cancel-all filters. Three more days left in the competition for late-comers who want to form or join a team and try their luck for extra points!

We just passed 100M TVL in the Lighter private beta, so to celebrate our community, we are giving every active trader in the private beta 5 invite codes. Use them wisely to invite the best traders you know - and get ready for the upcoming trading competition next week!

As we have passed the first 100 days of the Lighter private beta, we wanted to share some stats that we have found interesting. Top-line metrics: - TVL at $75M - LLP returns at +150% YTD - Number of traders: 9,759 - Points distributed: 3.4M

New coins added to private beta: $PENDLE, $ONDO, and $CRV. And major changes to LLP - now, as before, every participant can allocate 25%, but those with 300 points can allocate 50%, those with 1500 points can allocate 75%, and the Lighter whales with 10k points can do 100%!

What's the annualized Sharpe ratio of your crypto trading?

Thanks for the test spin of our private beta, @derteil00 - humbling to be compared to @HyperliquidX this early on. Indeed, the ability to deposit collateral from multiple chains (and soon, assets besides USDC) is an important goal for the protocol - as is really low latency of trading, as mentioned by @hansolar21 and @satoshiheist. In that spirit, for those in the private beta: - What is most annoying about Lighter right now? - What feature do your favorite exchanges have that Lighter doesn't currently? - What features do you wish other exchanges had that Lighter should build first?

Our mainnet is now live in private beta at ! Experience high performance trading with verifiable matching and liquidations. Private beta users have zero fees, early access to the points program, and trading competitions. DM us here to apply to join!