Hyperliquid Rival ‘Lighter’ Sparks Frenzy Over Airdrop Points Trading

While Hyperliquid is setting a trend for a decentralized trading ecosystem, Lighter is emerging as its closest competitor.

Business Sep 16, 2025 0 14 Add to Reading List

Hyperliquid Rival ‘Lighter’ Sparks Frenzy Over Airdrop Points Trading

Lighter, a decentralized crypto perpetuals trading platform, is setting the crypto community ablaze with chatter around trading of its airdrop points. The platform is running a points program to attract users and support its initial growth, essentially rewarding contributors with a token airdrop. Users who trade on the platform and provide liquidity to public pools are currently provided with Lighter points.

Since the past few days, Lighter Points have been a buzzword among airdrop farmers. Especially as these points are sold in live markets, even before airdrop is finalized. Professor Satoshi, a user on X, noted that users are paying as high as $33 for a single point via over-the-counter (OTC) deals.

Someone bought @Lighter_xyz points on an unofficial community run OTC channel @LighterOTC for $33 per point. The total transaction value was $363k

This channel is created by @Rijk__ and @SigmaSquared_ is on the multi-sig.

The Lighter team never mentioned support of these OTC… pic.twitter.com/ooYFcKBFM2
— Professor Satoshi.
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