According to @CoinMarketCap, Lighter's token generation event launched today with an initial fully diluted valuation above $2 billion. According to Polymarket market pricing cited by @CoinMarketCap, the probabilities for Lighter's FDV are 100% to stay above $1B, 93% above $2B, and 52% above $3B. According to @CoinMarketCap, a comparative view versus major perpetuals venues sorted by current open interest was provided to contextualize Lighter's positioning.