Previous post on volumes, which I've deleted now should have been posted with some context.

A lot of the volume is coming from a few HFTs that are utilizing the zero fees.

The team confirmed there is zero self-matching which is how washed-volume can take place(especially in a lot of shady cexes)

And they're closely monitoring with multiple algorithms for people that may be abusing the program.

Zero-fees and fomo from the successful hyperliquid drop was bound to lead to exaggerated volumes on lighter considering what they've built and the connections they have, but it only takes a slightly more in-depth look to see that the team isn't looking to just show off fake metrics.

The volume picture does get me excited personally,but I will be providing a more nuanced picture of the growth of Lighter focusing on TVL, OI and user growth.