According to @OnchainLens, a whale deposited $4.03M USDC into Lighter and purchased 1.63M LIT for $3.8M at an average price of $2.33, indicating a large single-sided buy flow at that level (source: @OnchainLens on X; source: app.lighter.xyz/explorer/accounts/0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA). According to @OnchainLens, the wallet still holds 227,099 USDC, with the poster stating it is likely to buy more, which traders may monitor for follow-on orders (source: @OnchainLens on X). According to @OnchainLens and the linked Lighter explorer, the transaction and wallet activity can be verified on-chain via the Lighter account 0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA, enabling tracking of any additional LIT accumulation or USDC deployment (source: @OnchainLens on X; source: app.lighter.xyz/explorer/accounts/0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA). According to @OnchainLens, the realized fill of $2.33 for 1.63M LIT is a concrete reference level for order flow analysis on Lighter and can inform liquidity monitoring around that price (source: @OnchainLens on X; source: app.lighter.xyz/explorer/accounts/0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA).

According to Cas Abbé, HYPE reclaimed the #1 spot in perpetual DEX 24h volume at $6.184B, with Lighter close behind at $5.809B (source: Cas Abbé on X). According to Cas Abbé, sub-second latency is now achievable on these venues (source: Cas Abbé on X). According to Cas Abbé, rising institutional interest is accelerating the closure of the gap between CEXs and DEXs (source: Cas Abbé on X).

According to @CoinMarketCap, Ethereum-based perpetuals DEX Lighter is launching spot trading starting with ETH, expanding beyond its core perps business. According to @CoinMarketCap, the platform recorded 292.5 billion dollars in trading volume in November.