2026-01-19 12:23:33

The competitive landscape of perpetual DEXs has recently seen some interesting changes. Hyperliquid, with a weekly trading volume of $40.7 billion, has successfully reclaimed the top spot, demonstrating its strong market appeal. Meanwhile, Lighter's situation appears somewhat awkward — its weekly trading volume has dropped to $25.3 billion, nearly one-third of its peak, and its ranking has fallen to third place.

What’s more noteworthy is the performance of the LIT token. Affected by the overall market downturn and concentrated sell-offs by airdrop recipients, the price of LIT has fallen to a historic low of $1.68. Over the past month, it has declined by 37%. From a hot airdrop project to current difficulties, LIT’s experience also reflects the volatility of the current crypto market — popularity rises and falls, and token prices often struggle to stay high.

LIT10,23%

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MoneyBurner

· 01-21 13:46

Lighter is really unfortunate, shrinking threefold from its peak to now. This is the fate of airdrop projects. LIT dropped to 1.68 and is still bleeding; I bet there's still room for further decline in this wave.

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WalletsWatcher

· 01-21 06:50

Lighter this wave really underperformed... shrinking threefold from its peak to now, how painful is that? LIT dropped to 1.68, truly incredible—the power of airdrop enthusiasts collectively dumping. Hyperliquid held steady this time, with a trading volume of 40.7 billion, showing that some people are still buying in. A 37% drop in one month, I wonder who still dares to boast about airdrop projects. It's just a game of hot potato; once the hype passes, the chives should be harvested. The story of perpetual DEX... the ones making money are always the top players; newcomers might as well forget it.

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StableGenius

· 01-19 12:53

lmao lighter really fell off the cliff... three times smaller volume? that's not a correction, that's a collapse. and everyone's shocked? as predicted, airdrop tokens without actual utility just bleed out. lit at $1.68 is basically a graveyard now.

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LiquidityNinja

· 01-19 12:36

Lighter this wave is too tragic, shrinking three times? Dropped straight from heaven to hell Right after airdrop one, they start selling off. I've seen this script with LIT too many times... Can it still fall to 1.68? Truly incredible Hyperliquid is stable this time, with a volume of 40.7 billion, no joke The perpetual market is like this, even a flying pig can't take off in the wind How are LIT holders feeling now? I can't even imagine

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Blockwatcher9000

· 01-19 12:32

The airdrop feast ended, and the true colors were revealed. LIT's performance this time is really tragic.

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CrossChainMessenger

· 01-19 12:30

Lighter was directly crushed in this wave, really outrageous Why are the airdrop participants still dumping? LIT is already at 1.68 Hyperliquid is indeed fierce, but no one can escape this round of decline 37% in a month, just hearing it is painful... This is the daily life of the crypto world, right?

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