The Depository Trust & Clearing Corporation (DTCC) has moved $6 trillion in DTC-custodied Treasuries onto the Canton Network, processing $350 billion in U.S. Treasury activity daily through Broadridge and the DTCC's real-world asset tokenization and settlement infrastructure.
Lighter's LIT token generation event achieved a valuation multiple matching Hyperliquid's, despite a substantial operational gap between the two perpetual futures exchanges. Over the past 30 days, Lighter recorded $8.5 million in fees versus Hyperliquid's $66.8 million. Lighter's open interest stands at $1.45 billion compared to Hyperliquid's $7.44 billion.
Hyperliquid operates as a purpose-built Layer 1 blockchain with its own BFT consensus mechanism designed for on-chain perpetual futures. Its native token, HYPE, launched via airdrop in November 2024.
The developments reflect a maturing DeFi landscape where established financial entities are leveraging blockchain for core settlement while emerging DeFi platforms compete for trading volume and user base.
