# Lighter Opens an EVM Devnet With One-Second Blocks as Tokenized Equities Reach $3.8 Billion

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.

- Published: 2026-10-17T05:38:56.693Z
- Canonical: https://polylog.news/crypto/2026-10-17/lighter-opens-an-evm-devnet-with-one-second-blocks-as-tokeni
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/lighter-evm-devnet-smart-contract-trading/), [CoinDesk](https://www.coindesk.com/business/2026/10/16/elon-musk-s-flying-roadster-reveal-sent-tesla-crypto-trading-into-overdrive-while-stock-markets-were-closed), [crypto.news](https://crypto.news/tokenized-equities-hit-3-8b-as-weekly-dex-trading/), [Hacker News](https://www.tesla.com/roadster), [Polylog editors](https://polylog.news)

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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