The Ethereum ecosystem just got more interesting. Lighter, a perpetual contracts DEX that's been quietly building momentum, is making a bold move into spot trading markets. ETH will be their opening act—a strategic choice that signals they're serious about diversification.

What makes this expansion noteworthy? Their November performance speaks volumes: $292.5 billion in trading volume. That's not a typo. For a platform primarily known for perpetuals, these numbers suggest they've nailed product-market fit. Now they're betting that expertise can translate to spot markets.

The timing feels deliberate. As DeFi matures, successful protocols need multiple revenue streams. Lighter isn't just adding a feature—they're building an ecosystem. Starting with ETH makes sense from both liquidity and strategic positioning angles. Will other major assets follow quickly? Probably. But this initial launch will be the real test of whether their perpetuals audience wants spot trading on the same platform.