The competitive landscape in the DEX sector is quietly changing. While ASTER and HYPE are still fighting for the throne of perpetual contracts, another project has chosen to stay silent—it's LIT.

Interestingly, this timing is very critical. When the bear market arrives and market sentiment hits rock bottom, LIT was officially launched. At first glance, it seems a bit risky, but it also demonstrates the project's ambition.

Since its launch, LIT's performance has not been sluggish. A significant increase is one thing, but the recent volatility has been unusually large—bulls and bears taking turns in the short term, which is why some describe it as a "double kill of bulls and bears." However, from another perspective, this kind of volatility may not be entirely bad. Behind the intense fluctuations, it could indicate increasing liquidity and growing attention.

For aggressive traders, this situation actually creates opportunities—whether bullish or bearish, as long as they catch the right rhythm, they can benefit from this market movement. Of course, risk and reward always go hand in hand. Whether LIT can truly shake the positions of ASTER and HYPE depends on subsequent fundamentals and market recognition.