Lighter Ecosystem Arbitrage Opportunities Analysis: Will You Regret Missing This Wave?

Lighter is about to launch, and this market trend is definitely worth paying attention to. Let's first look at the current valuation of projects in the same sector—Perps leader Hype is currently valued at $2.475 billion, while Aster, which has sparked a craze in the BSC ecosystem, is valued at $563 million. Similarly, LIT, which also follows a zero-fee model, has a pre-market valuation fluctuating between $3 billion and $4 billion.

From a fundamental perspective, the valuation differences among these projects reflect the market's varying recognition of different ecosystems and models. So, what specific arbitrage angles are there?

First is inter-temporal arbitrage—the key is to look at the price difference between spot and perpetual contracts. A major exchange has already launched the LIT trading pair, providing a practical basis for arbitrageurs. Based on the historical performance of Hype and Aster, initial launch periods often experience significant price fluctuations and basis arbitrage opportunities.

Risks should also be taken seriously: new projects may lack liquidity, market volatility can be intense, and there's a risk of being squeezed out. Real opportunities are often reserved for those who do their homework thoroughly.