Dominant onchain perps exchange Lighter rolls out 24/5 equity perps trading

Lighter, a leading Ethereum-based onchain perpetuals exchange, has introduced 24-hour weekday trading for its equity perpetual markets, including those for Coinbase ($COIN) and Robinhood ($HOOD) derivatives. Previously, these markets adhered strictly to U.S. trading hours. The platform's go-to-market lead indicated plans to expand this to 24/7 availability shortly. This move aligns Lighter with a trend among crypto venues, including centralized exchanges like Kraken and Coinbase Derivatives, to offer continuous trading access to traditional assets or crypto derivatives. Lighter, built on a zk-powered Ethereum Layer 2, has seen significant growth, recently surpassing Hyperliquid's monthly trading volume. This development follows the recent launch of its native LIT token and token buybacks, all succeeding a $68 million funding round.

(Source：The Block)