Project X vs Lighter (Spot)

πŸ‘‘ Overall Winner
Project X

Project X

Dexs

Hyperliquid L1 DEX prioritizing distribution and UX, with $105M 24h volume and $43.3M TVL.

Lighter (Spot)

Lighter (Spot)

Dexs

A DEX with a strong focus on commodities trading and staking, built on the Ethereum chain.

Metric Project X Lighter (Spot)
Volume (24h) $20.6M πŸ† $2.3M
Volume (7d) $289.9M $30.3M
Volume (30d) $2.24B $170.8M
TVL $39.7M N/A
Supported Chains 1 0
Fees (24h) $28K πŸ† $1K
Fees (7d) $243K $13K
Fees (30d) $1.7M $63K
Revenue (24h) $4K $1K
Revenue (30d) $243K $63K
Market Cap N/A $256.5M
FDV N/A $1.0B
Trading Pairs 33 78 πŸ†
Supported Coins 38 2
Year Established 2025 2025
Audit Status Not Audited Not Audited
πŸ† Project X leads 2:1

Project X β€” Supported Chains (1)

Hyperliquid L1

Lighter (Spot) β€” Supported Chains (0)

πŸ“ˆ Historical Trends

Left axis = Project X (purple), Right axis = Lighter (Spot) (green) β€” independent scales

TVL (Total Value Locked)

Total USD value of assets deposited, representing user trust and liquidity depth.

Daily Trading Volume

Total trading volume over 24 hours, indicating platform activity and market-maker opportunities.

Daily Fees

Total trading fees paid by users, representing the gross value created for Liquidity Providers (LPs).

Daily Revenue

The portion of fees distributed to token holders or the protocol treasury, showing actual protocol profitability.

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