Lighter Layer 2 DEX Experiences Technical Outage Amidst Market Volatility

An outage affecting Lighter, a prominent Ethereum Layer 2 decentralized exchange (DEX), occurred due to high transaction volumes on October 11th. While the incident temporarily impacted market accessibility for cryptocurrencies like ETH, BTC, and SOL, user funds remain secure according to the platform’s developers. This event highlights existing scalability challenges within DeFi platforms, causing temporary disruptions in trading during periods of heightened volatility. Notably, Lighter’s development team, renowned for its high-frequency trading infrastructure, has implemented measures to safeguard user assets amidst the technical issue. ]