Project X vs Lighter (Spot)

πŸ‘‘ Overall Winner
Project X

Project X

Dexs

Project X is a high-volume decentralized exchange on Hyperliquid L1, focused on optimizing distribution, incentives, and user experience.

Lighter (Spot)

Lighter (Spot)

Dexs

A decentralized trading platform with a strong focus on security and scalability, built on a relatively new blockchain.

Metric Project X Lighter (Spot)
Volume (24h) $95.5M πŸ† $4.7M
Volume (7d) $1.31B $98.8M
Volume (30d) $2.17B $183.9M
TVL $41.3M N/A
Supported Chains 1 0
Fees (24h) $146K πŸ† $3K
Fees (7d) $1.1M $25K
Fees (30d) $1.8M $57K
Revenue (24h) $21K $3K
Revenue (30d) $264K $57K
Market Cap N/A $819.5M
FDV N/A $3.72B
Trading Pairs 107 πŸ† 2
Supported Coins 37 2
Year Established 2025 2025
Audit Status Not Audited Not Audited
πŸ† Project X leads 3:0

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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