20 Jan 2026
54m

Inside Lighter’s Plan to Overtake Hyperliquid | Vladimir Novakovski

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Empire

Vlad Novakovski, founder of Lighter, discusses the evolution of perpdexes and why he chose to build Lighter as an ETH L2 instead of an L1. Vlad emphasizes Lighter's focus on solving the critical problem of digital assets being traded in a centralized manner, which doesn't improve upon TradFi. He highlights Lighter's competitive advantages: low latency (200 milliseconds), low cost (processing 500 million orders a day for under $50k USD), security, verifiability, and composability. Vlad also shares his experience working with Ken Griffin and discusses his relationship with Vlad Tenev from Robinhood, including potential partnerships to bring tokenized stocks to crypto-native traders and decentralized perps to TradFi customers.

Outlines

Part 1: Background and Transition to Crypto

Part 2: The Problem with Centralization and the Perpdex Solution

Part 3: Technical Architecture and Ethereum Alignment

Part 4: Lighter’s Core Tech and ZK Innovation

Part 5: Strategic Partnerships and TradFi Integration

Part 6: Tokenomics, Valuation, and Future Outlook

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