Prediction on $LIT

Hyperliquid premarket is already pricing $LIT at >$4B FDV
~$80 per point. That’s an aggressive day-one expectation.

Meanwhile, Polymarket puts the odds of >$4B FDV one day after launch at ~23%.
And Polymarket has been surprisingly accurate this cycle.

Perp DEXs are one of the few sectors with real cash flow.
Lighter is already close to Hyperliquid and Aster in volume efficiency, while trading at lower revenue multiples.

My base case isn’t a moonshot.
I’m positioning for >$2B FDV with ~14% yield.

Less upside. Cleaner risk.