The decentralized exchange Lighter.xyz has reported a 24-hour perpetual trading volume of $8.88 billion. This figure surpasses established platforms like Hyperliquid and Aevo, which is notable given that Lighter.xyz's mainnet only went live in October 2025. Market observers have pointed out the anomalies in this sudden dominance, raising concerns about potential wash trading or artificial volume inflation to attract attention to the newly launched platform. [Update 1] Justin Sun Injects $50M Liquidity Latest on-chain monitoring reveals that Justin Sun has withdrawn $50 million USDT from the HTX exchange and deposited it into the Lighter decentralized exchange. These funds were subsequently moved into the Lighter Liquidity Provider (LLP) pool. This significant capital injection coincides with the growing scrutiny and attention on the protocol, potentially signaling high-profile support or interest in the platform's liquidity depth despite the validity concerns surrounding its volume figures.