The numbers say $LIT is 2x undervalued vs $HYPE and the gap is closing fast.
› @Lighter_xyz bought back 0.32% of supply in 9 days vs HYPE’s 0.17% — nearly double the rate
› Revenue and volume are climbing from the bottom, weekends included
› Open interest is below all-time low price levels; price is spot-driven, not inflated by leverage
› $ASTER runs the same volume but sits at a 5x higher market cap than LIT
@binance was worth 10x Bybit at their peaks. If LIT captures just 10% of HYPE’s valuation, it still needs to 5x.
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Revenue and trading volume seen good upticks, even this weekend has seen higher numbers than regular trading days while normally much lower in weekends.
Open interest is LOWER then all time low prices so current price is heavily spot driven
Much higher buybacks per market cap then
Past 9 days:
Hype buybacks: 25,03m with 14,02b mcap (0,17% of supply bought)
LIT buybacks 1,2m with 375m mcap (0,32% of supply bought)
LIT currently 2x undervalued compared to HYPE with revenue numbers rising from the bottom and imo most likely will expand more. With LIT currently being 40x lower valued but being their main competitor, there's ALOT of room for repricing if metrics keep picking up like this.
At the top, Binance was worth 35b, at the top of Bybit it was worth 3b), that's approx a ratio of 10x. If LIT achieves 10% of HYPE it still needs to x5.
$ASTER currently has pretty much the same volume as $LIT, but Aster is at a 5x higher mcap.
LIT is going much higher (and HYPE too but that will even increase th
Shame i closed $LIT breakeven, got abit skeptical as war news came out so didn't want to risk it https://t.co/46oqfhIDR4
Setting a spot limit on ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 at 1.345-1.291. Inval is 2 H4 closes below 1.21. 4.5% risk if filled https://t.co/MoAZRE7sxN
market is repricing $LIT
> $1.7B daily volume = 1/4 of $HYPE
> $43B 30d volume = 1/5 of $HYPE
> $101M annualized fees = 1/10 of $HYPE
> $LIT buying back at 2x the speed of $HYPE
while $LIT is trading at a 36x discount to $HYPE. if the market reprices it to 1/10 of $HYPE, that's already 4x.
Lighter is Robinhood onchain at cheap price.
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