Telegram has integrated decentralized exchange Lighter to power leveraged trading on its in-app wallet, marking the DEX’s largest partnership to date. The move allows Telegram’s over 150 million registered wallet users to trade crypto and traditional assets with up to 50x leverage. This comes as Lighter’s own weekly trading volume has fallen 89% from its November peak following its token debut.
The **Telegram** wallet announced on April 2nd that users can now trade crypto, stocks, and commodities with high leverage. This integration is powered by **Lighter**, a DEX focused on perpetual trading.
Wallet in Telegram stated the feature is now live for its user base. The wallet has over 150 million registered users, with about 25 million considered active.
Lighter could see a significant boost in trading volumes from this primary integration. The partnership is similar to how a rival, Hyperliquid, fueled its initial adoption by running perps trading for other major wallets.
The deal arrives during a period of intense demand for perpetual trading. At a market peak last October, overall perp volume reached $350 billion.
However, Lighter‘s own activity has sharply declined since its LIT token debuted last December. Weekly perps volumes have plummeted from a record $75 billion in November to about $8 billion in April.
The protocol’s revenue has followed this downward trend. It dropped from a weekly average of $4 million to $325,000, translating to a 91% crash.
A brief market relief in February boosted activity and fueled buybacks of the LIT token. The recent 30% rally for LIT in early April is attributed to the Telegram integration news.
