#What is the new feature introduced by Lighter in the crypto space?
Lighter recently enhanced its decentralized exchange on Ethereum's layer-2 network by launching spot trading, with Ethereum (ETH) designated as the first depositable currency. This move signifies a strategic shift for Lighter, extending its services beyond the realm of perpetual futures to now include the capability for direct asset transfers on the Ethereum mainnet.
#Why is Lighter's spot trading significant?
The introduction of spot trading positions Lighter as a competitive alternative to established platforms like Hyperliquid. One of the standout features of Lighter's offering is its commitment to zero-fee trading for retail users. This model seeks to attract more participants who are looking for cost-effective trading solutions on Ethereum's zk-rollup exchange.
#How does Lighter ensure efficient trading?
Lighter employs custom zero-knowledge circuits to facilitate verifiable order matching and efficient liquidations. This technology focuses on minimizing costs and reducing latency in trading, allowing users to experience a more streamlined process. While the platform's initial focus was on perpetual futures, the addition of spot trading capabilities marks an important evolution in Lighter's services, catering to the growing demand for diverse trading options within the decentralized finance (DeFi) sector.