What is the Lighter exchange and its LIT token?

Lighter is a major decentralized perpetual futures exchange operating as a layer 2 on Ethereum. Its LIT token was recently airdropped and is central to the platform's value accrual and operations.

How did Lighter's LIT token perform after its launch?

The LIT token opened trading above $3.30 but experienced a slight decrease, settling around $2.50 shortly after its Tuesday airdrop.

What makes Lighter's business model unique?

Lighter is inspired by Robinhood, offering a mostly fee-free trading experience for retail users on its decentralized platform, aiming for widespread adoption.

Home / Business and Economy / Lighter Token Unleashed: Billions in Value

Lighter Token Unleashed: Billions in Value

2 Jan

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Summary

Lighter, a top decentralized exchange, airdropped its LIT token on Tuesday.
The token's valuation exceeds $2.5 billion, surpassing investor expectations.
Lighter operates on Ethereum as a layer 2 and offers a fee-free model for most users.

Lighter Token Unleashed: Billions in Value

Lighter, a leading decentralized perpetual futures exchange, successfully airdropped its native LIT token this past Tuesday, generating significant market interest. The token debuted above $3.30, stabilizing around $2.50, and placing the protocol's valuation above $2.5 billion. This figure notably surpasses the $1.5 billion valuation reported from its $68 million funding round in November.

Developed by Florida-based Elliot Technologies, Lighter functions as a layer 2 solution on Ethereum, facilitating both spot and perpetual futures trading. Since its January launch, it has emerged as a major player, recording over $201 billion in trading volume in the last 30 days. The exchange, modeled after Robinhood, typically charges no fees for most users, only implementing charges for market makers and high-frequency traders since September.