In brief A “runaway bot” drove Hyperliquid’s HYPE token to $98 on Lighter DEX, highlighting thin liquidity risks on DEXs. One trader claimed to have profited to the tune of $600,000 during the anomaly. …
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Lighter
Perpetual derivatives DEXs across DeFi were overwhelmed by intense volatility on Friday, leading to multiple platform outages. Lighter, the second-largest decentralized perpetuals exchange, was one of many platforms that experienced platform outages during the …
