Lighter Launches LIT Token as Perpetual DEX Volumes Top $4.7B

“Revenues from our core DEX product as well as future products and services can be tracked in real-time on chain and will be allocated between growth and buybacks depending on market conditions,” the Lighter team stated. This model mirrors Hyperliquid‘s HYPE token, which has rewarded holders despite market pressures from profit-taking. LIT’s launch arrives amid a year of volatile token generation events, positioning it to encourage long-term holding through structured incentives.

Lighter‘s 2026 roadmap expands on LIT’s role, integrating it into broader infrastructure for decentralized finance. While still in early price discovery, the tokens performance reflects growing platform adoption.

Frequently Asked QuestionsWhen did Lighter launch its LIT token and what was the initial distribution？

Lighter launched LIT on December 30, 2025, distributing 25% of the total supply to users who farmed points during two 2025 seasons. This fully unlocked allocation supported immediate trading, with prices starting at $2.62 on BingX and stabilizing above $2.80 shortly after.

What trading volumes has Lighter achieved leading up to the LIT launch？

Lighter has emerged as a volume leader among 2025 perpetual futures DEXs, recording $4.7 billion in daily volumes and $1.4 billion in TVL prior to LIT‘s debut. This growth, tracked via Dune Analytics, outpaced Aster and approached Hyperliquid’s metrics, driven partly by point farming incentives.

Key Takeaways

• LIT Token Utility: Aligns incentives via on-chain revenue sharing, with allocations for growth and buybacks.
• Strong Platform Metrics: $4.7B daily volumes and $1.4B TVL position Lighter as a top DEX.
• Strategic Launch: 25% supply airdrop to farmers supports organic adoption and price stability.

Lighter becomes trading volume leader

Lighter DEX has solidified its position with approximately $1.4 billion in total value locked (TVL), yet it punches above its weight in activity, hitting $4.7 billion in daily trading volumes just before LIT‘s launch. This performance surpassed Aster in TVL and volumes, while closing in on Hyperliquid’s $2.5 billion daily figures.

Lighter emerged as one of the perpetual futures DEXs with the highest trading volumes, passing even Hyperliquid and Aster. | Source: Dune Analytics.

The surge in activity coincided with preparations for the token generation event (TGE), fueled by a points farming program throughout 2025. While incentives played a role, Lighters organic growth indicates strong demand for its perpetual futures offerings. Hyperliquid, Aster, and Lighter represent the vanguard of 2025 DEX innovations, with Lighter proving its mettle through consistent volume leadership.

Conclusion

The Lighter LIT token launch marks a pivotal moment for the perpetual futures DEX, distributing value directly to participants and sharing revenues transparently. With robust metrics like $4.7 billion daily volumes and strategic incentives, Lighter strengthens its ecosystem alongside peers like Hyperliquid. As LIT trading matures and the 2026 roadmap unfolds, users can anticipate enhanced utilities and sustained growth in decentralized perpetuals.