0xResearch Kaito, Lighter, and Prediction Markets | Livestream
Jan 16, 2026
Recent developments in crypto are dissected, with insights on Lighter’s perpetuals and Kaito’s shift to curated marketing. The hosts explore the rising trend of mobile-first crypto onboarding and how platforms like Kaido are incentivizing user participation through bot-driven mechanics. They also debate the regulatory implications of prediction markets, questioning their similarity to gambling. Additionally, they analyze the evolving landscape of social trading features and how market dynamics impact revenue. Tune in for a lively discussion!
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Perps Win As Product Layers
- Perps platforms succeed by becoming broad product layers, not just trading venues.
- Lighter's fast shipping and mobile-first, zero-fee model targets non-toxic retail flow that attracts market makers.
Prioritize Mobile Onboarding
- Lean into non-toxic retail by building smooth mobile and UX experiences to gather consistent users.
- Use clear segmentation between free retail front-ends and API/prime flows so market makers can profitably serve volume.
Look Past Volume To Open Interest
- Volume alone isn't the whole story; open interest and sustainable market-maker revenue matter more.
- Zero-fee models can still work if market makers profitably internalize the retail flow.