Encryption KOL predicts Lighter valuation: minimum $1.5 billion, $3 to $4.2 billion is the Benchmark

On December 22, crypto KOL @ingalvarezsol made a valuation prediction for Lighter based on factors such as Polymarket (2 to 3 billion USD), over-the-counter point prices (90 USD per point), and the token LIT's premarket price (3.4 USD): 1.5 billion USD is the minimum valuation (in the bear market range, influenced by venture capital round financing). 3 to 4.2 billion USD is the bear market benchmark (market capitalization derived from prediction market/premarket/point prices). The optimistic expectation is above 7.5 billion to 12.5 billion USD (final valuation). @ingalvarezsol emphasized that Hyperliquid and Lighter do not belong to the same category of products: Hyperliquid is building a Web3 native liquidity layer, primarily profiting through retail trading fees (along with ecosystem dynamics). Lighter is building decentralized trading infrastructure, aiming to connect with fintech companies/brokers/professional market makers over time while keeping retail execution costs extremely low (including 0% fees on certain spot markets). A significant catalyst that could drive Lighter's valuation up in the future is RWA asset trading.