BitMEX Blog – Cryptocurrency Trading Insights & Market Analysis
BitMEX Alpha
BitMEX Alpha: Lighter ($LIT) — The Robinhood Bet on Perp DEXs
TL;DR (Tradeable Takeaways) Protocol Positioning: The Robinhood of Perps Most DEXs (GMX, dYdX) try to be “Bloomberg Terminals” on-chain, charging fees for professional-grade execution. Lighter is positioning itself as Robinhood , and has the cap table to prove it. The Tailwinds: Lighter Wins Distribution The biggest risk for any DEX is “fighting for the same 50,000 crypto-native degens.” Lighter has a structural escape
2 January 2026
