The partnership brings leveraged derivatives to one of crypto’s largest consumer distribution channels, targeting emerging-market users priced out of traditional brokerages.

Wallet in Telegram has launched perpetual futures trading through a new integration with Lighter, the Ethereum-based decentralized exchange (DEX), the teams announced Thursday.

The feature enables users to open long and short positions on more than 50 assets — spanning crypto, metals, equities, oil, and ETFs — with up to 50x leverage and a minimum position size of $1, all without leaving the Telegram app.

The Open Platform (TOP), the entity that develops Wallet in Telegram, told Forbes that it evaluated multiple decentralized perpetual exchanges before selecting Lighter, with the decision driven by cost structure, incentive design, and alignment with a retail-heavy audience. Lighter’s zero-fee model for standard accounts was a key factor.

Rather than competing for power users on standalone exchanges, Wallet is targeting a broader audience that may not have previously used derivatives platforms. The wallet has more than 150 million registered users, many of whom were onboarded through earlier gamified mini-app features on Telegram.

Users in the United States and the United Kingdom are excluded from the rollout. The initial focus is on emerging markets where traditional brokerage infrastructure is more limited.

Lighter Struggles Post-TGE

The deal represents a significant distribution channel for Lighter, which has become one of the top perp DEXs by volume since launching its public mainnet in late 2025.

Lighter processed $59 billion in perpetual volume in March 2026, ranking fourth among perp DEXs, according to DefiLlama. That’s down nearly 80% from its peak of $292 billion in November.

The platform runs on a custom zero-knowledge rollup on Ethereum, where every order match and liquidation is cryptographically verified onchain. It raised $68 million in November 2025 from Founders Fund, Ribbit Capital, Haun Ventures, and Robinhood. Since then, Lighter has expanded into spot trading, launched its LIT token, and introduced equity perpetuals.

Still, the exchange trails category leader Hyperliquid, which processed nearly $210 billion in March, by a wide margin.

The platform’s LIT token rallied 5% on the news, but has struggled since its December launch, losing more than two-thirds of its value since January 1.

Lighter also announced that its Partner Attribution program is now open, allowing developers to integrate the exchange’s perpetuals and spot infrastructure into their own applications.

Source: https://thedefiant.io/news/defi/wallet-in-telegram-rolls-out-perpetual-futures-trading-via-lighter

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