The post Lighter Points Hit $100 on OTC Markets appeared on BitcoinEthereumNews.com. Traders are flocking to the ZK-powered perpetuals trading platform amid the ongoing airdrop craze, and its OTC points market is going parabolic. As traders flock to tokenless perpetuals exchanges in pursuit of “the next Hyperliquid airdrop,” trading volumes hit a record $1 trillion in September, and as the sector heats up, the Lighter exchange’s activity-based points have hit an all-time high on over-the-counter (OTC) markets. The Lighter points system has been live since its closed beta launched in February, but valuations have skyrocketed over the last month. The leading Lighter OTC market, SOTC, cleared its first seven-figure transaction on Oct. 7, which also marked the first sale at $100 per point. Lighter points were trading for as little as $30 just weeks ago. Screenshot – SOTC Points are down slightly as of today, with the top bid at $90. Current prices imply a valuation of around $5 billion for the future LIGHT token, according to Delpi Digital’s estimates. Lighter’s growth has been catalyzed by the recent shift in attention towards alternative perpetual derivative exchanges, as the space has been dominated by Hyperliquid since the HYPE token launched in November 2024. The rise of Aster has sparked a mania in the sector, and now Lighter and Hyperliquid are neck and neck in terms of total volume. Over the last week, Hyperliquid has processed $65 billion in perpetuals volume, while Lighter did $60 billion. It is worth noting that Hyperliquid still commands the majority of open interest, with $15 billion compared to Lighter’s $2.5 billion. Lighter’s total value locked (TVL) has surged alongside its points to $1.18 billion today from $340 million at the beginning of September. Lighter TVL and Perps Volume – DeFiLlama The valuation of the points remains speculative, as the LIGHT tokenomics have not been publicly disclosed. Users are… The post Lighter Points Hit $100 on OTC Markets appeared on BitcoinEthereumNews.com. Traders are flocking to the ZK-powered perpetuals trading platform amid the ongoing airdrop craze, and its OTC points market is going parabolic. As traders flock to tokenless perpetuals exchanges in pursuit of “the next Hyperliquid airdrop,” trading volumes hit a record $1 trillion in September, and as the sector heats up, the Lighter exchange’s activity-based points have hit an all-time high on over-the-counter (OTC) markets. The Lighter points system has been live since its closed beta launched in February, but valuations have skyrocketed over the last month. The leading Lighter OTC market, SOTC, cleared its first seven-figure transaction on Oct. 7, which also marked the first sale at $100 per point. Lighter points were trading for as little as $30 just weeks ago. Screenshot – SOTC Points are down slightly as of today, with the top bid at $90. Current prices imply a valuation of around $5 billion for the future LIGHT token, according to Delpi Digital’s estimates. Lighter’s growth has been catalyzed by the recent shift in attention towards alternative perpetual derivative exchanges, as the space has been dominated by Hyperliquid since the HYPE token launched in November 2024. The rise of Aster has sparked a mania in the sector, and now Lighter and Hyperliquid are neck and neck in terms of total volume. Over the last week, Hyperliquid has processed $65 billion in perpetuals volume, while Lighter did $60 billion. It is worth noting that Hyperliquid still commands the majority of open interest, with $15 billion compared to Lighter’s $2.5 billion. Lighter’s total value locked (TVL) has surged alongside its points to $1.18 billion today from $340 million at the beginning of September. Lighter TVL and Perps Volume – DeFiLlama The valuation of the points remains speculative, as the LIGHT tokenomics have not been publicly disclosed. Users are…

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more