Polymarket Bets Rise on Lighter Airdrop as Hyperliquid Lists LIT

Lighter, a perpetual decentralized exchange (perp DEX) and a significant contender to Hyperliquid, is sparking airdrop excitement as traders on Polymarket place bets on a token release before the year concludes. Sebas, known as Babastianj and a key contributor to the Lighter DEX, announced on the project's Discord channel that essential processes are nearing completion for the highly awaited token generation event (TGE).

Key Takeaways

Surging Interest: There is growing speculation and excitement around Lighter's upcoming token airdrop amid strong community support.
Betting on Polymarket: Polymarket shows an 86% likelihood of the Lighter airdrop taking place by the end of December, with substantial backing from traders.
Airdrop Details: Users can submit an airdrop allocation form until this Friday to direct tokens to multiple wallets.
Strong Position: Lighter is positioned as a major player in the perp DEX space, bolstered by recent funding and a potential listing on Coinbase.

Polymarket bets surge on Lighter airdrop as Hyperliquid lists LIT

“We’re in the last phase of Season 2 and are analyzing data to eliminate Sybil, self-trading, and wash-trading points,” he commented, mentioning that the points which are discounted will be redistributed to the community.

This announcement has garnered positive momentum for Lighter’s airdrop, further supported by Hyperliquid's recent listing of the yet-to-launch Lighter token against USDC on Monday.

Lighter Airdrop Allocation Form Open Until Friday

On Sunday, Lighter introduced an airdrop allocation form, enabling users to distribute their tokens to up to four additional wallets. This optional form allows users to decide the token amounts designated to each wallet, with submissions accepted until Friday.

“If you do not submit this form and qualify, the airdrop will automatically be sent to your primary Lighter account,” Sebas clarified on Discord.

Source: Discord

On Friday, Lighter transferred 250 million LIT tokens—25% of the total supply—igniting community speculation that this act was a precursor to a user airdrop ahead of the TGE, which is expected by December 31.

Source: Fiyalkin

Lighter stated that its Season 1 points program concluded with the final private beta distribution on September 30, while points for Season 2 are given out weekly on Fridays.

Polymarket Odds on Lighter Airdrop at 86%

As anticipation from the community rises, the likelihood that Lighter’s airdrop will occur by year-end has surged on the prediction market Polymarket, with $9.5 million backing bets that it will take place by December 31. Over 86% of traders have positioned their predictions in favor of a “yes” outcome.

On-chain analyst Andrew 10 GWEI had previously hinted that the airdrop would occur by the end of December, referencing supposed insider bet evidence on Polymarket.

Source: Polymarket

This news follows the announcement of Lighter's $68 million fundraising round in November, led by Peter Thiel’s Founders Fund and fintech investor Ribbit Capital, shortly after the platform’s public mainnet launch in October.

Founded in 2022 by tech entrepreneur Vladimir Novakovski, Lighter has positioned itself as a key competitor within the perpetual decentralized exchange market, currently ranked as the second largest perp DEX behind Hyperliquid as per DefiLlama's data. In mid-December, major US cryptocurrency exchange Coinbase included Lighter in its listing roadmap, hinting at a potential future listing of the non-existent token.