DeFi
Lighter's LIT rose 10%, and Hyperliquid holds more LIT bets than Lighter itself
LIT climbed to $3.47 while Lighter's fees held near $260,000 a day on DefiLlama. Rival Hyperliquid carries $61.4 million of open LIT bets, against $39.1 million on Lighter's own market.
Markets
Hyperliquid's crypto bets shrank $640 million since Friday, and ether shorts now pay
CoinGecko's per-market data puts Hyperliquid's open bets at $14.0 billion after Sunday's ether drop. Its $1.93 billion ether market now has negative funding, while bitcoin's does not.