Welcome to bank list where today we explore the frontier of perp dexes. We're here to help you become more
banklists. You got Ryan and David on the podcast today. There's been a huge breakout this cycle. One of the themes
has been decentralized per exchanges led primarily by a application and a
blockchain called Hyperlquid. But now some competition has entered the ring and one in particular is moving up the
charts in terms of open interest for per volume. It's caught our eye. It's called lighter. It's now the second largest per
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