On-chain data shows Lighter logged 86 whale transactions above $100,000 (a six-month high) as LIT rallied over 20% to $2.60 on Monday and gained about 37.9% this week after a tokenomics reset that added a burn and a 6% staking yield funded from a 250 million LIT reserve, boosting its DEX/perp narrative and adoption. Mantle recorded 37 whale transactions above $100,000 while DeFi TVL crossed $1 billion (including $90 million in RWA TVL), stablecoin market cap hit $955 million, the network supports 155 tokenized stocks and holds a $1.8 billion treasury, though MNT is down ~2% on the day and ~11% over the month, signaling investor interest in tokenized equity and broader DeFi growth.

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In Brief

Lighter and Mantle whale transactions hit their highest levels in six months.
Lighter logged 86 transactions above $100,000 amid its price rally.
Mantle recorded 37 large transactions as whales eyed its tokenized equity push.

Lighter (LIT) and Mantle (MNT) recorded their largest whale transaction spikes in six months.

The on-chain signal points to renewed attention towards both networks as altcoin prices swung sharply across the market this week.

Lighter Whale Activity Surges After Tokenomics Reset

On-chain analytics firm Santiment counted 86 LIT transactions above $100,000, the most in the past 6 months. The spike tracks a sharp rally in the token.

LIT jumped more than 20% on Monday to $2.6, its highest level since January. It has climbed roughly 37.9% over the past week. According to Santiment, the activity is tied to renewed attention on the token.

“renewed interest around its perp DEX narrative, tokenomics updates, buyback and burn mechanics, staking yield, and recent partnership buzz.”

Last month, the network introduced a tokenomics overhaul. It introduced a burn mechanism that will permanently reduce the LIT supply.

The exchange also reworked staking rewards, funding a 6% annualized yield from a 250 million LIT reserve. At press time, LIT traded at $2.6, up 0.19% over the past day.

Lighter (LIT) Price Performance. Source: BeInCrypto Markets

Mantle Whales Track Tokenized Equity Push

Meanwhile, Santiment recorded 37 MNT transactions above $100,000, also a six-month peak.

“Whales appear to be reacting to its growing RWA and tokenized equity push,” the firm noted.

In an H1 update, Mantle reported multiple all-time highs across its onchain economy. Its Decentralized Finance (DeFi) total value locked (TVL) crossed a record $1 billion, including $90 million in RWA DeFi TVL.

Stablecoin market capitalization hit a fresh all-time high of $955 million, up 120% year-on-year. The network now supports 155 tokenized stocks and holds a treasury above $1.8 billion.

“Stablecoins, tokenized equities, and vault deposits now form the core of Mantle’s onchain economy, the asset mix of a venue where capital goes to work,” Mantle said.

Nonetheless, the token has continued to move with the broader market. It dropped 2% over the past day to trade near $0.431. MNT has slipped roughly 11% over the past month, though it edged up about 1.4% over the week.