Lighter, the leading decentralized perpetuals exchange by volume, is set to launch its highly anticipated spot trading feature this week, debuting with ETH.

“We’re excited to introduce Spot on Lighter…Later this week, we’ll enable spot trading and begin rolling out additional markets,” the team said on X.

The move is Lighter’s latest salvo in the perp DEX wars as it competes with Hyperliquid, which typically processes between $1.5 billion and $3 billion in spot volume per week. Lighter flipped Hyperliquid in terms of perpetual volumes earlier this quarter after it unveiled a $68 million raise led by Founders Fund and Ribbit Capital.

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