Morning Edition · Saturday, October 17, 2026Published at 1:38 AM EDT · New York
Lighter's test network still uses mocked proofs and lacks a finished asset-recovery mechanism, while Hyperliquid's Tesla contract traded $47 million in one hour during a Musk product reveal held while US stock markets were closed.

Lighter, the perpetual-futures exchange built as an Ethereum rollup, launched an Ethereum Virtual Machine (EVM) development network. The network produces one-second blocks and lets smart contracts place and manage trading orders on the exch…
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Part of a tracked trend
Tokenized Equities Push Onto Public Blockchains
Over 3-6 months, exchanges and banks accelerate moving real equities on-chain — tokenized stocks with on-chain dividends and composable trading — turning the contest over open vs. closed tokenization venues into a concrete product race.
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