Telegram taps Lighter for 50x perps trading across crypto, stocks, and commodities: Details

ambcryptoPublished on 2026-04-04Last updated on 2026-04-04

Abstract

Telegram has integrated Lighter, a decentralized exchange (DEX) specializing in perpetual trading, to power its native leveraged trading feature. Through the Wallet in Telegram, users can now trade cryptocurrencies, stocks, metals, and oil with up to 50x leverage. This integration, Telegram's largest with Lighter to date, could significantly boost trading volumes for the DEX by tapping into Telegram’s vast user base of over 150 million registered and 25 million active wallet users. The partnership arrives as Lighter faces a substantial decline in activity and revenue—weekly trading volumes dropped 89% from its November peak to $8B in April, while revenue fell 91% to $325K weekly. This downturn followed the end of LIT token farming after its December debut. The Telegram deal has already spurred a 30% price recovery for LIT in early April. If the integration drives renewed user activity, it may reverse Lighter’s declining metrics and support further token buybacks; otherwise, LIT could face renewed downward pressure.

Lighter, a DEX focused on perpetual (perps) trading, has been tapped to power Telegram’s native leveraged trading.

In a statement on the 2nd of April, Wallet in Telegram said that users on the privacy-focused messenger can now trade crypto, stocks, metals, and oil with up to 50x leverage.

The wallet has seen strong adoption with over 150 million registered users.

About 25 million of these users are considered active, especially in P2P transfers and fiat on-ramps, making Telegram a key crypto trading terminal. The messenger itself has over 1 billion users.

As such, the integration of Lighter could boost trading volumes on the DEX too. As it stands, this is the primary and largest Lighter integration to date.

For comparison, its rival Hyperliquid runs perps trading for Phantom, Rabby, MetaMask, and others. This fueled Hyperliquid’s initial adoption by sharing fees from trades routed by the apps.

Could Lighter benefit from a similar traction?

Will the deal boost Lighter’s trading activity?

The collaboration comes at a time when the demand for perpetual trading has exploded. At the market peak last October, the overall perp volume reached $350 billion and $25 billion in Open Interest (OI).

Source: DeFiLlama

Despite the broader crypto rout in the past few months, perp volume still hovered around $150 billion.

However, Lighter’s trading activity has declined significantly. Especially after the LIT’s token debut at the end of last December, which ended the farming period. As a result, traders who were hunting for an airdrop migrated elsewhere to search for new opportunities.

Consequently, Lighter’s trading activity fell sharply after December. This decline has extended into Q1 2026, and there hasn’t been any meaningful recovery in Q2 as the broader crypto market remains subdued.

So far, the weekly perps volumes have fallen from a record $75B in November to about $8B in April—an 89% decline in trading activity.

Source: DeFiLlama

The protocol’s revenue also went downwards. It dropped from a weekly average of $4M to $325K, translating to a 91% revenue crash.

It’s worth pointing out that the brief relief in February boosted activity and revenue. Ultimately, this fueled the buyback of LIT, the protocol’s native token.

If Telegram integration improves activity and revenue improve in April, then the recent 30% recovery rally could extend. Otherwise, a rejection at $1 and low activity could drag LIT back to $0.78 or below.

Source: LIT/USDT, TradingView

Final Summary

  • Telegram integration has fueled LIT’s recovery by 30% in early April.
  • Lighter DEX’s revenue crashed 91%, but renewed trading activity from Telegram could help reverse it and boost LIT buyback.

Related Questions

QWhat is the main partnership announced between Telegram and Lighter?

ATelegram has partnered with Lighter, a decentralized exchange (DEX), to power its native leveraged trading feature, allowing users to trade crypto, stocks, metals, and oil with up to 50x leverage.

QHow many active users does Wallet in Telegram have, and why is this significant?

AWallet in Telegram has about 25 million active users, which is significant because their activity in P2P transfers and fiat on-ramps makes Telegram a key crypto trading terminal, potentially boosting Lighter's trading volumes.

QWhat happened to Lighter's trading activity and revenue after its token debut in December?

ALighter's trading activity fell sharply after its LIT token debut in December, with weekly perps volumes declining by 89% from $75B in November to about $8B in April, and revenue crashing by 91% from a weekly average of $4M to $325K.

QHow did the Telegram integration affect LIT's token price in early April?

AThe Telegram integration fueled a 30% recovery rally for LIT's token price in early April.

QWhat is the potential future price movement for LIT depending on the success of the Telegram integration?

AIf the Telegram integration improves trading activity and revenue, the recent 30% recovery rally for LIT could extend. Otherwise, a rejection at $1 and low activity could drag LIT back to $0.78 or below.

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