Wallet in Telegram’s new feature brings high-risk leveraged trading into the messaging app’s ecosystem through a Lighter integration.
Wallet in Telegram, a third-party custodial crypto wallet integrated into Telegram, is adding perpetual futures trading powered by Lighter, one of the largest decentralized crypto exchanges.
In a Thursday announcement on X, April 2, Wallet in Telegram said users can access more than 50 markets with up to 50x leverage and trades starting from $1, without leaving the chat interface. The team behind the wallet said in a separate Telegram post:
“For example: if you open a $100 position with 20x leverage, your effective position size is $2,000. If the asset price increases by 1%, your profit would be around $20 instead of $1. However, unfavorable price movements can quickly lead to significant losses or even liquidation.”
The wallet itself is a custodial service built into Telegram but operated by The Open Platform, a company focused on building services around the TON▲$1.66 blockchain, rather than Telegram directly. Wallet in Telegram added that users can also track profit-and-loss, margin and liquidation price in real time, and manage positions with take-profit and stop-loss tools.
What Wallet in Telegram Integration Means for Lighter
For Lighter, the integration offers distribution to a user base Wallet in Telegram has on the messaging app. The platform promotes zero-fee trading and uses zero-knowledge infrastructure to verify order matching and liquidations.
According to DefiLlama data, Lighter ranks as the fifth-largest perpetuals DEX by normalized daily volume, with roughly $1.6 billion in trading activity as of press time. Unlike Hyperliquid or Aster, another perp DEXs which run on their own Layer-1 networks, Lighter operates as a Layer-2 built on the Ethereum blockchain.
