Key takeaways
- Lighter reached a major milestone by reaching $200 billion in 30-day trading volume, surpassing rival Hyperliquid.
- The peak of trading volume corresponds to the launch of Lighter’s LIT utility token.
Lighter, a DEX focused on perpetual futures trading, saw approximately $200 billion in 30-day trading volume, surpassing Aster and Hyperliquid as activity accelerated around the launch of its LIT token, according to data from DefiLlama.
During the same period, Aster recorded a trading volume of approximately $173 billion, while Hyperliquid recorded a trading volume of approximately $165 billion. On a 7-day basis, Lighter also leads with $29 billion, ahead of Hyperliquid and Aster.
Hyperliquid still dominates the 24-hour perpetual business with $6.8 billion in volume, compared to $4.3 billion for Lighter.
A perpetual DEX based on Ethereum, Lighter runs on its own ZK-powered app chain, offering fast, low-cost trading with self-custody and a CEX-style order book.
The Lighter Infrastructure Token (LIT) went live today as the primary economic and functional token of the project. The token will be used for staking and platform utilities such as access, execution, and data services, with additional plans for fee payment and market data verification.
We are announcing the Lighter Infrastructure Token (LIT)! Lighter is building the infrastructure for the future of finance and the native token is essential to aligning incentives. In this thread, we will describe the token structure, broader vision, and use case roadmap.
– Lighter (@Lighter_xyz) December 30, 2025
Lighter distributed 25% of the total LIT supply to early adopters in Point Seasons 1 and 2 as part of its ecosystem allocation.
In total, 50% of the offering is reserved for the community and future growth programs, while the remaining 50% goes to the team and investors, subject to a one-year lock-up schedule and a three-year vesting schedule.
The team says the value generated by Lighter products will ultimately accrue to LIT holders, with revenue directed toward token growth or redemption depending on conditions.
LIT is currently trading at around $2.6, according to CoinGecko. The token got its first major centralized listing on Coinbase.
LIT is also available on Bybit’s perpetual futures platform, expanding trading options for derivatives traders.
