Lighter hits 5-month high after 21% rally: how hig
#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Invites You to Share 600K USDT in Gift Packs Lighter hits 5-month high after 21% rally: how high can it go?Lighter has climbed to a five-month high after its $LIT token rallied to around $2.73, extending gains of more than 20% over the past 24 hours as a series of protocol updates and ecosystem developments boosted investor interest.
According to CoinGecko data, $LIT traded near $2.64 at the time of writing after reaching an intraday high of about $2.73, with the token posting gains of roughly 55% over the past week and nearly 90% over the past month.
The rally gathered pace after Robinhood announced on July 2 that it had integrated Lighter Perps into Robinhood Wallet, giving users direct access to the protocol's on-chain perpetual futures exchange.
The announcement sent $LIT up about 24% in a single day as traders anticipated fresh retail participation through the wallet.
Support for the rally also came from a major change to the protocol's token economics.
On July 1, Lighter introduced a permanent burn policy under which all future tokens repurchased using protocol revenue will be destroyed instead of being retained.
After the end of the second quarter, the protocol said it would permanently burn about 15.5 million $LIT tokens, representing roughly 6.3% of the current circulating supply of 250 million tokens.
At the same time, traders have increasingly compared Lighter with larger decentralised perpetual exchanges such as Hyperliquid.
The narrative circulating across the market argues that Lighter's market capitalisation, estimated at roughly $540 million to $590 million, leaves room for further upside given its application-specific zk-rollup infrastructure and growing derivatives activity.
Additional interest has come from the protocol's recently published Q3 2026 roadmap.
The update outlines plans to expand supported collateral beyond stablecoins to include t
Tous les commentaires0RécentPopulaire