2026-01-16 02:37:46

Is Lighter's valuation justified compared to dYdX? With the DeFi and derivatives sector expanding rapidly, it's worth questioning whether emerging protocols like Lighter deserve a higher market cap than established players like dYdX. What factors should we consider—liquidity, trading volume, community growth, or technical innovation? The derivatives market is getting crowded, and each project brings different strengths to the table. Would love to hear thoughts on how these two projects stack up in terms of real utility and long-term potential.

DYDX-5,92%

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LiquidityNinja

· 01-19 01:36

To be honest, whether Lighter's valuation surpasses dYdX depends on subsequent execution... Having technological innovation alone isn't enough; trading volume needs to genuinely increase.

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rugpull_ptsd

· 01-18 21:45

Bro, you asked the wrong question. dydx has long become a historical burden. Now it's a matter of who can survive and make it to the next cycle.

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ProofOfNothing

· 01-17 22:01

To be honest, Lighter's valuation is a bit exaggerated... dYdX is still an established player, and when it comes to ecosystem development, it's simply not in the same league.

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LayerZeroHero

· 01-16 06:07

Honestly, what makes Lighter's valuation higher than dYdX's? This doesn't make sense.

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AirdropHuntress

· 01-16 03:07

Have you seen Lighter's tokenomics? The key part of the token release curve is hidden... dYdX at least has historical data to compare, and after research and analysis, these two are not even in the same league.

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HallucinationGrower

· 01-16 03:06

To be honest, Lighter's valuation seems a bit inflated... dYdX at least survived the bear market and is still around. How long can this new project sustain itself just through fundraising and hype?

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SmartContractDiver

· 01-16 02:58

Bro, the dydx model has been played out long ago. I don't really believe that Lighter is valued higher; it's all about who can retain liquidity.

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LiquidityHunter

· 01-16 02:48

Watching liquidity data again at 3 a.m... Lighter's depth isn't as exaggerated as Dydx, but the arbitrage gap is interesting. Need to calculate the slippage cost.

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RamenDeFiSurvivor

· 01-16 02:42

ngl Lighter's valuation is a bit inflated, dydx is old but has liquidity... However, the derivatives space is indeed becoming more competitive.

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