Telegram taps Lighter for 50x perps trading across crypto, stocks, and commodities: Details
Lighter, a DEX targeted on perpetual (perps) buying and selling, has been tapped to energy Telegram’s native leveraged buying and selling.
In an announcement on the 2nd of April, Pockets in Telegram mentioned that customers on the privacy-focused messenger can now commerce crypto, shares, metals, and oil with as much as 50x leverage.
The pockets has seen robust adoption with over 150 million registered customers.
About 25 million of those customers are thought-about energetic, particularly in P2P transfers and fiat on-ramps, making Telegram a key crypto buying and selling terminal. The messenger itself has over 1 billion customers.
As such, the mixing of Lighter might enhance buying and selling volumes on the DEX too. Because it stands, that is the first and largest Lighter integration thus far.
For comparability, its rival Hyperliquid runs perps buying and selling for Phantom, Rabby, MetaMask, and others. This fueled Hyperliquid’s preliminary adoption by sharing charges from trades routed by the apps.
Might Lighter profit from an identical traction?
Will the deal enhance Lighter’s buying and selling exercise?
The collaboration comes at a time when the demand for perpetual buying and selling has exploded. On the market peak final October, the general perp quantity reached $350 billion and $25 billion in Open Curiosity (OI).
Regardless of the broader crypto rout prior to now few months, perp quantity nonetheless hovered round $150 billion.
Nevertheless, Lighter’s buying and selling exercise has declined considerably. Particularly after the LIT’s token debut on the finish of final December, which ended the farming interval. Because of this, merchants who had been trying to find an airdrop migrated elsewhere to seek for new alternatives.
Consequently, Lighter’s buying and selling exercise fell sharply after December. This decline has prolonged into Q1 2026, and there hasn’t been any significant restoration in Q2 because the broader crypto market stays subdued.
Thus far, the weekly perps volumes have fallen from a file $75B in November to about $8B in April—an 89% decline in buying and selling exercise.
The protocol’s income additionally went downwards. It dropped from a weekly common of $4M to $325K, translating to a 91% income crash.
It’s price stating that the transient aid in February boosted exercise and income. In the end, this fueled the buyback of LIT, the protocol’s native token.
If Telegram integration improves exercise and income enhance in April, then the latest 30% restoration rally might lengthen. In any other case, a rejection at $1 and low exercise might drag LIT again to $0.78 or under.
Closing Abstract
- Telegram integration has fueled LIT’s restoration by 30% in early April.
- Lighter DEX’s income crashed 91%, however renewed buying and selling exercise from Telegram might assist reverse it and enhance LIT buyback.
