Lighter 

LIT Price

What is the Lighter (LIT) coin?

Lighter is a decentralized perpetual futures exchange built as a custom zero-knowledge rollup on Ethereum L2. Custom ZK circuits make order matching and liquidations verifiable on-chain, and the platform runs a central limit order book with zero trading fees — CEX-grade execution with self-custody. The LIT token is an ERC-20 asset on Ethereum with a fixed supply of 1 billion. Lighter was founded in 2022 by CEO Vladimir Novakovski, and the public mainnet went live on October 2, 2025.

Is Lighter more transparent than a centralized exchange?

Lighter's zero-knowledge circuits let anyone verify order matching and liquidations on-chain, rather than trusting an exchange's internal engine. L2BEAT has publicly verified the rollup's safety and its exit and withdrawal mechanisms. Lighter still operates as a single company, so on-chain verification covers settlement, not business risk. The design reduces the counterparty trust a centralized exchange requires, but it does not remove all operational risk.

What is LIT's total supply and tokenomics?

LIT has a fixed maximum and total supply of 1,000,000,000 tokens. The allocation splits 25% airdrop, 25% ecosystem, 26% team, and 24% investors, plus a negligible 17,500 LIT MEXC Launchpad pool. Community allocations total 50% of supply; insiders hold the other 50%. The 50% insider split drew public criticism at launch, while supporters pointed to the fully liquid 25% airdrop.

How does Lighter's unlock schedule affect LIT supply?

Team and investor tokens carry a one-year cliff, then vest linearly over three years in monthly tranches. The full 25% airdrop allocation — 250,000,000 LIT — unlocked at TGE on December 30, 2025. Per DropsTab vesting data, the first post-cliff unlock on December 30, 2026 releases 7,020,000 team tokens and 6,480,000 investor tokens. From that point, roughly 13.5M LIT — about 1.35% of total supply — enters circulation every month through late 2029, creating concentrated and recurring sell pressure.

Who are Lighter's investors and how much has it raised?

Lighter raised approximately $89–90M across two private rounds. The November 11, 2025 round brought in $68M at a roughly $1.5B valuation, led by Founders Fund and Ribbit Capital, with Haun Ventures and Robinhood participating. An earlier 2024 round raised $21M, led by Haun Ventures and Craft Ventures, with Dragonfly and Robot Ventures participating, per Fortune. Per DropsTab fundraising data, an IEO on MEXC Launchpad followed on December 24–31, 2025, priced at a $2B pre-valuation.

How does Lighter's fundraising signal project maturity?

The investor set mixes top-tier generalist and crypto-native capital. Founders Fund and Ribbit Capital led the 2025 round, and Robinhood's participation ties Lighter to a retail brokerage with crypto distribution. Haun Ventures appears in both the 2024 and 2025 rounds, a repeated conviction signal. The deal covered equity plus token warrants, and no single backer is publicly tied to more than 20% of LIT supply.

What did the Lighter airdrop require to qualify?

The Lighter airdrop distributed 25% of total LIT supply — 250,000,000 tokens — at TGE on December 30, 2025, and the distribution is no longer claimable. Eligibility came from the closed-beta points program that ran from January 24 to October 2, 2025, in which traders built leaderboard standing by trading perpetuals ahead of mainnet. Third-party trackers recorded roughly 12.5M points generated across the program's seasons.

Does Lighter run an ongoing points program?

Lighter runs an open points program on its live public mainnet, active since October 2, 2025. Traders earn points by trading perpetuals on the platform with low fees and low latency. Per DropsTab data, this trading program is the only currently active Lighter campaign — no airdrop, whitelist, or quest campaign is running beyond it.

What is LIT used for?

LIT's stated utility covers trading-fee value capture, staking, data verification, and governance on the Lighter platform. The token is a standard ERC-20 asset on Ethereum with 18 decimals, verifiable on Etherscan. A fee-burn mechanism is referenced in press coverage but is not documented in official Lighter documentation — treat the burn as unconfirmed.

Where can you trade LIT?

LIT trades on 30+ markets across venue types, per DropsTab data. Spot coverage includes Bybit, OKX, Gate, MEXC, KuCoin, Bitget, Upbit, Coinbase, and Bitstamp by Robinhood. Futures markets run on Binance, OKX, Bybit, Gate, MEXC, and Hyperliquid, and Uniswap v3 carries the DEX pairs LIT/WETH and LIT/USDC. The main pairing caveat: Coinbase lists the asset as LIGHTER/USD — a venue naming difference, not a separate token.