The Lighter (LIT) token surged 5% following the launch of native perpetual futures trading within the Telegram Wallet on April 2, 2026. This new feature, powered by Lighter, allows users to access leveraged trading across over 50 markets directly within the Telegram app, without needing external apps or third-party wallets. The integration comes amid a significant rise in on-chain derivatives, with perpetual trading volumes exceeding $1 trillion monthly in 2025. Lighter processed $65.47 billion in trading volume in March 2026, ranking fourth among perpetual decentralized exchanges. The platform operates on a zero-knowledge rollup on Ethereum, ensuring on-chain verification of trades. The new feature in Telegram Wallet offers leverage up to 50x, with positions starting from as little as $1, covering markets such as crypto, metals, stocks, and oil. Despite the positive market reaction, Lighter remains behind the leading competitor, Hyperliquid, which processed $178.23 billion in March 2026. However, Telegram's vast user base of over 150 million could potentially boost Lighter's market position if it successfully converts this audience into active traders.