Lighter, a fast-growing Hyperliquid and Aster rival, will have a fully diluted valuation (FDV) of over $2 billion, according to Polymarket users, just a day after its airdrop.
A Polymarket poll with over $848,700 in assets places the odds that the network will have a $2 billion FDV at 83%. The odds of Lighter having an FDV of over $4 billion have jumped to 63%, while $6 billion have soared to 31%.
The ongoing optimism is largely due to the sustained surge in perpetual volume. According to DeFi Llama, the network handled over $6.6 billion in the last 24 hours, much higher than the $4.62 billion that Hyperliquid processed during the same period.
The data also reveals that its volume in the last seven days stood at over $52 billion, slightly lower than Hyperliquid’s $55 billion. Its last 30-day volume rose to over $171 billion.
These numbers mean that Lighter is one of the best-performing platforms in the perpetual DEX industry. This is notable, as the network launched its mainnet last week after spending eight months in private beta.
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Lighter has not yet announced when the airdrop or the token generation event (TG) will happen. However, in a recent statement, the developers noted that the first season of the Lighter Point program has concluded and that the first phase was starting and would last through the end of the year.
Perpetual DEX networks have performed well in recent months, with growth momentum accelerating. For example, Hyperliquid has a market capitalization of over $16 billion and an FDV of over $47 billion.
The most recently launched Aster has a market capitalization of over $3 billion and an FDV of over $14 billion. As such, it makes sense to predict that Lighter will have an FDV of over $2 billion after its airdrop.
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