Lighter Debuts LIT Token, With a 25% Community Airdrop

• Trading opened with the LIT token hovering between $2.30 and $2.80.
• Initial Fully Diluted Valuation (FDV) was approximately $2.83 billion.
• The launch has had some controversy regarding ecosystem allocation.

Decentralized finance (DeFi) landscape welcomed a new addition today as Lighter, a high-performance decentralized exchange (DEX), officially launched its native infrastructure token, LIT. The debut was marked by a 25% initial airdrop to early users and liquidity providers, instantly placing the project into the spotlight of the perpetual DEX market.

Trading opened with the LIT token hovering between $2.30 and $2.80, giving it an initial Fully Diluted Valuation (FDV) of approximately $2.83 billion per CoinGecko data. Of the $675 million worth of LIT tokens airdropped to the community, only $30 million was actually withdrawn or moved from the platform in the first…

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