Better Crypto Buy: Lighter vs. Hyperliquid
On July 1, Robinhood Markets (NASDAQ: HOOD) made a move that may prove to be defining for one market in particular. Its newly launched Robinhood Chain now routes trading in perpetual futures contracts, leveraged derivatives with no expiration date, through Lighter (CRYPTO: LIT), a decentralized derivatives exchange. Lighter's token, LIT, was up about 35% in the seven-day period ended July 7.
For holders of Hyperliquid (CRYPTO: HYPE), the reigning decentralized perpetuals venue, this new deal between Robinhood and Lighter is yet another competitive threat among the many that are rising. So which is the better coin to buy, Hyperliquid or Lighter?
The case in favor of Lighter starts with the fact that the deal with Robinhood is no small thing. Robinhood serves nearly 28 million customers, and its wallet now lets users deposit stablecoins into Lighter's smart contracts as collateral for trading perpetuals.
Source Fool.com
