Important points
- Lighter achieved a major milestone by reaching $200 billion in 30-day trading volume, surpassing rival Hyperliquid.
- The trading volume highlight coincides with the launch of Lighter's LIT utility token.
Lighter, a DEX focused on perpetual futures trading, recorded nearly $200 billion in 30-day trading volume, surpassing Aster and Hyperliquid, as activity accelerated around the launch of the LIT token, according to data from DefiLlama.
During the same period, Aster had a trading volume of about $173 billion and Hyperliquid had a trading volume of about $165 billion. Even on a 7-day basis, Lighter topped the list with $29 billion, surpassing Hyper Liquid and Aster.
Hyperliquid still dominates 24-hour perpetual trading with a trading volume of $6.8 billion, compared to Lighter's $4.3 billion.
Lighter, an Ethereum-based perpetual DEX, runs on a proprietary app chain powered by ZK, offering fast, low-cost trading with self-custody and a CEX-style order book.
Lighter Infrastructure Token (LIT) went live today as the project’s primary economic and functional token. The tokens will be used for staking and platform utilities such as access, execution, and data services, with additional plans for fee payments and market data validation.
Announcing Lighter Infrastructure Token (LIT). Lighter is building the infrastructure for the future of finance, and native tokens are key to aligning incentives. This thread describes the structure of tokens, the broader picture, and a roadmap for use cases.
— Writer (@Lighter_xyz) December 30, 2025
Lighter distributed 25% of the total LIT supply to early users of Points Seasons 1 and 2 as part of an ecosystem allocation.
In total, 50% of the supply will be set aside for the community and future growth programs, and the remaining 50% will be made available to the team and investors. However, a one-year lock-up and three-year vesting schedule apply.
The team states that the value created by Lighter products will ultimately be accumulated by LIT holders, with proceeds channeled towards growth or token buybacks depending on terms.
According to CoinGecko, LIT is currently trading at around $2.6. The token secured the first major centralized exchange spot listing on Coinbase.
LIT is also available on Bybit's perpetual futures platform, expanding trading options for derivatives traders.
