There's something brewing in the perp DEX space that's worth a closer look. A project just launched what appears to be the very first NFT on Lighter — and they're coming in with a modest but real community of 408 followers backing them already.

For anyone not keeping tabs on Lighter, this platform has been making serious waves lately as a perpetual contracts DEX. They've been quietly building momentum and positioning themselves as a legitimate alternative to some of the heavyweight perpetual platforms out there. The competition's heating up, though let's be real — the top dogs still hold considerable ground.

What makes this NFT launch intriguing is the timing. Lighter's been gaining traction, and now we're seeing NFT integration enter the perp DEX ecosystem through this platform. It's one of those moves that could signal where the intersection of NFTs and derivatives trading might be heading.

The project's still in early stages, but sometimes those early community-building phases are exactly when things get interesting. 408 followers might sound small, but in crypto, tight-knit communities often punch above their weight class.