Lighter news

Lighter is set to burn approximately 15.5 million LIT tokens, representing 6.3% of the circulating supply, in its first revenue-funded supply reduction. The burn follows a June tokenomics overhaul that redirects buybacks to permanent supply cuts. The exchange repurchased LIT using trading revenue from Q2 2026. LIT's price rose about 8% in 24 hours to $2.54 on July 10, though it remains below its December record of $7.86. The burn cuts supply once, but staking rewards emit roughly 7.5 million LIT annually, partially offsetting the reduction.

Lighter (LIT) surged over 20% to $2.6, a seven-month high, after the perpetuals exchange announced a tokenomics overhaul including permanent burns and a revised staking model. The token became the top gainer among the top 100 cryptocurrencies, extending its weekly rally to roughly 40%. The exchange has repurchased about 15.5 million LIT (6.3% of circulating supply) using revenue and plans to permanently reduce supply through burns on the Ethereum mainnet. First burn is expected after Q2 closes. Staking rewards will now be funded from a reserve of 250 million ecosystem tokens, targeting a 6% annualized yield. LIT still trades well below its December record of $7.86.

Lighter (LIT) surged over 20% in 24 hours to an intraday high of $1.23, its strongest level since March 18, making it the top performer among the 300 largest cryptocurrencies by market cap. Trading volume jumped 82% to $58.3 million, extending a three-day rally of roughly 30% that recovered earlier weekly losses. CoinGecko attributed the rally to three catalysts: Ethereum co-founder Vitalik Buterin mentioning Lighter as a notable Ethereum-based project during a fireside chat; an integration with trading terminal Tealstreet allowing direct market access; and the launch of a synthetic SpaceX pre-IPO perpetual futures market fueling speculative interest. Despite the rebound, LIT remains well below its December 2026 all-time high of $7.86, with the sustainability of the rally still uncertain as attention cools.

Telegram's Wallet has integrated with Ethereum-based DEX Lighter to offer perpetual futures trading to its 150 million users. The feature supports up to 50x leverage on over 50 assets, including crypto, commodities, and equities, without leaving the messaging app. The integration, built by The Open Platform, targets users in emerging markets where traditional brokerage infrastructure is limited. Access is restricted in jurisdictions like the US and UK. The move aims to simplify access to derivatives for Telegram's broad user base.

Wallet in Telegram launched native perpetual futures trading on April 2, 2026, powered by Lighter DEX, allowing users to trade over 50 markets with up to 50x leverage directly within the chat app, without external apps or third-party wallets. The integration follows a surge in on-chain derivatives volumes; Lighter processed $65.47 billion in March 2026, ranking fourth among perpetual DEXs. The LIT token rose 5% on the news. Lighter also opened its Partner Attribution program to developers, enabling integration of its infrastructure into other apps. While Lighter trails Hyperliquid, which processed $178.23 billion in March, the Telegram distribution reaching 150 million users could narrow the gap. Whether this user base converts to sustained trading volume remains to be seen.

Kite (KITE) rose 22.8% this week, reaching a new all-time high of $0.323, with potential to climb to $0.369 if buying pressure continues. A drop below $0.278 could signal a reversal. Lighter (LIT) fell 18% to an all-time low of $1.15 after losing the $1.31 support. A bounce toward $1.40 is possible if it reclaims $1.31, but a break below $1.15 could lead to further declines. Official Trump (TRUMP) is down 6% to $3.21, nearing its all-time low of $3.02. Increasing outflows suggest further downside, but a move above $3.44 could invalidate the bearish outlook.

Decentralized perpetuals trading platform Lighter saw its native token LIT surge nearly 10% during the early hours of the US session.

Lighter's LIT token fell nearly 15% in 24 hours following the launch of its staking program. The token was trading at $1.85, with the decline attributed to post-launch selling, broader market forces, and a 'buy the rumor, sell the news' reaction to the staking rollout. The staking program allows LIT holders to earn rewards, access the LLP product, and receive fee discounts. For each staked LIT, users can deposit 10 USDC into LLP, and staking 100 LIT provides zero-fee withdrawals. The program aims to align token holders with platform participants. Additional downward pressure stems from FUD over alleged secret token sales, early investor and airdrop selling, and cooled trading volume. Despite buybacks starting January 5, selling pressure remains strong. Lighter remains a top perp DEX with $5 billion in 24-hour volume.

Decentralized perpetuals exchange Lighter has introduced mandatory staking of its native token LIT for access to its liquidity pool. New users must stake LIT at a 1:10 ratio to deposit into the Lighter Liquidity Pool, while existing depositors have a two-week grace period until January 28. The move aims to align incentives between LIT and LLP holders and enhance risk-adjusted returns. Additional staking benefits include zero fees for withdrawals and transfers for those staking at least 100 LIT, and future yield opportunities. Lighter also plans to adjust fees for market makers, with discounts tied to LIT staking, while retail trading remains free. The staking feature will extend to mobile users soon. Lighter launched its native token last month, allocating 50% of the supply to ecosystem initiatives. The exchange reported over $200 billion in monthly trading volume in December, surpassing competitors, and recently raised $68 million at a $1.5 billion valuation.

Lighter, an Ethereum-based onchain perpetuals exchange, launched 24/5 equity perps trading on Tuesday, expanding from U.S. trading hours only. The platform plans to offer 24/7 availability soon. This move follows similar initiatives by centralized exchanges like Kraken and Coinbase, as well as BitMEX's recent 24/7 equity perps rollout. Equity perps allow traders to speculate on traditional assets using crypto derivatives, with global access and flexibility. Lighter, built as a zk-powered Ethereum Layer 2, has seen surging interest, surpassing Hyperliquid's monthly volume in November and December. The exchange recently introduced its native LIT token and buybacks, following a $68 million funding round led by Founders Fund and Ribbit Capital.