What is Lighter?

Lighter is a product in the Ethereum ecosystem, likely a decentralized exchange or trading platform, as it is compared to competitors Aster and Hyperlid.

• Jun 2026 - Will Price reported that Lighter processed over 10,000 transactions per second, the most in the Ethereum ecosystem, while using only about 1% of blob space.
• Jun 2026 - Will Price stated that over the prior month, Lighter bought back twice the percentage of its supply (both circulating and fully diluted) compared to Hyperlid.
• Jul 2026 - Tushar Jain noted that Hyperlid has a much higher ratio of liquidations to trading volume compared to Lighter and Aster, its main competitors.