Lighter has completed its first revenue-funded burn of 15.5 million LIT tokens, representing about 6.3% of the circulating supply. The tokens were repurchased using trading fees collected through the end of Q2 2026, following a tokenomics update that directs buybacks to permanent supply reduction. This burn aims to tighten supply and potentially support LIT's price, which has risen 8% recently but remains below its all-time high. The company will publish the Ethereum transaction hash to verify the burn on-chain. However, ongoing price gains depend on continued trading revenue and buybacks, as new staking rewards partially offset the supply cut.
DeXe (DEXE) surged 18.43% to $34.16, leading today's crypto gainers amid growing interest in decentralized finance (DeFi) platforms. Other notable gainers include Arbitrum (ARB), Morpho (MORPHO), Lighter (LIT), and Uniswap (UNI), each benefiting from...
Venice Token (VVV) surged 6.45% to $11.42, driven by recent protocol updates that boosted investor interest, pushing its market cap to $539.39 million. Meanwhile, Jupiter (JUP) dropped 9.66% to $0.2110 due to lack of new developments, highlighting mi...
Lighter (LIT), a decentralized exchange token, rose 9.48% in 24 hours and nearly 55% in a week following its Q2 Investor Update Call. Key highlights included full protocol revenue used for token buybacks, with 6 million LIT repurchased in Q2, plans f...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
A crypto trader mistakenly swapped 1,126.44 ETH worth $2.01 million for only 5,776 Lighter (LIT) tokens valued at $14,208, losing nearly $2 million in one transaction. The error occurred as LIT surged 53% weekly and entered Coingecko's top trending l...
