Key Takeaways
- LIT drops over 15% as market selloff pushes token beneath $1.70 regardless of sturdy buying and selling exercise.
- Lighter maintains excessive quantity and ongoing buybacks whereas trailing Hyperliquid and Aster in open curiosity.
Lighter, a crypto perpetual futures alternate on Ethereum, noticed its native token LIT fall greater than 15% over the previous 24 hours as a broader market selloff pushed the worth beneath the $1.70 degree.
The decline coincided with a pullback in Bitcoin, which dropped from round $95,000 to $92,000 late Sunday earlier than recovering to roughly $93,000 by Monday noon.
Lighter launched its token on December 30, 2025, following a $675 million airdrop. Shortly after launch, the platform briefly surpassed Hyperliquid in buying and selling exercise, reaching roughly $198 billion in cumulative quantity.
Regardless of the latest selloff and heavy token dumping, Lighter continues to publish sturdy on-chain exercise. The alternate recorded roughly $2.25 billion in buying and selling quantity over the previous 24 hours, trailing solely Hyperliquid at $2.7 billion and Aster at $4.5 billion, based on DefiLlama knowledge.
Lighter ranks third in open curiosity with about $1.31 billion, behind Aster at $2.6 billion and Hyperliquid at $8.9 billion.
On-chain knowledge reveals the Lighter group has performed roughly $1.7 million price of LIT buybacks to date. At present costs of practically $1.70, complete buybacks quantity to roughly $2.8 million because the program was introduced on January 6, 2026.
