Lighter’s newly-launched token bounced some 37% from its all-time low on January 1, as the decentralised perpetual futures exchange began its planned buyback strategy. The protocol has begun using revenues from its exchange product to purchase LIT tokens on the open market at a rate determined by market conditions. So far, the Lighter treasury account, where protocol fees accumulate and buybacks are conducted, holds more than 181,000 LIT tokens worth about $550,000. The LIT token was launched on Decemb ...

Lighter, the largest decentralised perpetual futures exchange over the past month, airdropped its highly anticipated token on Tuesday with half of the supply set aside for employees and investors. Early users were also airdropped a quarter of the token’s supply. The token, LIT, opened above $3.30 but fell to around $2.50 on Wednesday. With a supply of 1 billion tokens, that places the protocol’s value at just above $2.5 billion — about 66% higher than the $1.5 billion valuation investors reportedly gav ...

While traders fixate on Bitcoin (CRYPTO: BTC) ,Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) , industry experts and Polymarket odds indicate other cryptocurrencies could provide outsized returns in 2026. Lighter: The Institutional DEX PlayLighter Protocol is anticipated to launch its LIT token before the end of the year, following a $68 million raise from Peter Thiel’s Founders Fund, Andreessen Horowitz, and Ribbit Capital. The decentralized exchange runs on a custom Ethereum Layer-2 zero-knowledge rollup, p ...