Key Highlights
- Lighter’s newly-launched LIT has witnessed a 3.5% surge on a daily chart, trading at around $2.76 with $691 million in market capitalization.
- However, the cryptocurrency faced volatility in the initial stage after soaring above $4
- After witnessing a hype among users, Coinbase has also announced the listing of LIT tokens.
On December 30, the Ethereum Layer 2 perpetual futures exchange Lighter officially launched its native cryptocurrency, the Lighter Infrastructure Token (LIT). On its very first day, LIT witnessed a spike of 5% on a daily chart with a market capitalization of $705 million.
LIT Witnesses Market Volatility With TGE
At the time of writing, the cryptocurrency is trading at around $2.82 with a 5.64% hike in 24 hours, according to CoinMarketCap.
After the launch, the price of the LIT token faced major volatility. It initially started trading between $3.4 and $4.0; however, it quickly faced selling pressure from airdrop receivers taking profits. The price fell roughly 30% during the day.
As of now, the token has managed to recover, trading in the range of $2.70 to $2.90. This price momentum provides the newly launched token a fully diluted valuation.
Coinbase Announces Lighter Token Listing
Spot trading for Lighter (LIGHTER) will go live when liquidity conditions are met, in regions where trading is supported for our LIGHTER-USD trading pair. pic.twitter.com/TQPWLAPNeg
— Coinbase Markets 🛡️ (@CoinbaseMarkets) December 30, 2025
Amid the upward momentum in cryptocurrency, the leading cryptocurrency exchange, Coinbase, has also announced the listing of LIT tokens for spot trading.
“Spot trading for Lighter (LIGHTER) will go live when liquidity conditions are met, in regions where trading is supported for our LIGHTER-USD trading pair,” stated in the official post on X. This comes after Coinbase added Lighter to its asset listing roadmap earlier in December.
FalconX, a leading digital asset prime brokerage for institutions, has also announced support for LIT’s OTC trading.
FalconX is proud to support OTC trading for Lighter’s native token, $LIT, live shortly after today’s TGE. The launch has seen strong institutional demand from the outset.
We remain committed to providing timely liquidity and seamless access to the most exciting new projects for… pic.twitter.com/nhbiqe6xKw
— FalconX (@FalconXGlobal) December 30, 2025
Lighter Aims to Secure Top Position in On-chain Derivatives Trading
Lighter was founded in 2022 by Vladimir Novakovski and has quickly become a major player in on-chain derivatives trading.
The launch comes with one of the largest direct token distributions to a community in recent times. A 25% of the total token supply was immediately airdropped to early platform users. This token distribution converted 12.5 million reward points earned by users during the platform’s 2025 Season 1 and 2 into fully unlocked LIT tokens, which require no further claim process.
According to data from Dune Analytics, the platform has secured the top position in the leaderboard of best decentralized exchanges by trading volume for perpetual futures contracts, falling only behind Hyperliquid and Aster.
It has averaged a substantial $2.7 billion in daily trading volume over the past week. The exchange is built on verifiable zero-knowledge technology that allows for very fast order processing, with the ability to handle up to 10,000 orders per second while charging zero fees for most retail traders.
The total supply of LIT tokens is locked at 1 billion. Half of this supply is allocated to the ecosystem. This includes the 25% already airdropped and another 25% reserved for future user seasons, partnerships, and growth initiatives.
The remaining 50% supply is allocated to the Lighter project’s team, which receives 26%, and its investors, who receive 24%. However, the tokens for the team and investors will face a 1-year vesting period, after which they will be released linearly over 3 years.
The main utility behind these tokens is staking for rewards, participating in data validation, and benefiting from a share of protocol fees, with all revenue directed back to token holders.
The project is backed by $68 million in venture capital from popular firms including Andreessen Horowitz (a16z), Founders Fund, Ribbit Capital, and Haun Ventures. This funding valued the project at $1.5 billion before the token launch.
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