I love Hyperliquid
But Lighter is undervalued IMO.
At a 3B valuation at OTC and a 30% allocation, thats a 1B airdrop to the people.
The Airdrop will be gigantic.
It's hard to compete with zero fee trading. The world moves in that direction.
IMO its a nobrainer, that RobinHood will integrate Lighter.
Its difficult to compare volume of a zero fee platform but OI from Lighter is at 1/3 of Hyperliquids OI.
I think its fair to say, that Lighter should be valued around 1/3 of HL, which was 10B.
At 10B, points would be worth 300$.
I think we will get there, but first the airdrop sell pressure must be absorbed.
If I wouldnt receive an airdrop, I would be a buyer under 5B.
Lighter is the most interesting thing, which launches this year.