According to BlockBeats, on July 6th, based on HTX market data, LIT (Lighter) rebounded strongly after hitting a low of $0.77 in early April, breaking through $2.70 today, with a cumulative increase of over 2.5 times and a 22% increase in the past 24 hours. A summary of recent positive factors for LIT (Lighter) is as follows:
On June 30th, Lighter announced a major adjustment to its token economic model. Future buybacks through exchange revenue will change from simple buybacks to permanent burning of all tokens. The plan is to first burn approximately 15.5 million LIT already repurchased, representing about 6.3% of the circulating supply. This mechanism will be officially implemented starting in the third quarter of 2026. Furthermore, the funding source for staking rewards will shift from exchange revenue to ecosystem reserve funds.
On July 1st, Lighter became Robinhood's official perpetual contract partner. Lighter is directly integrated into Robinhood Wallet, supporting perpetual contract trading using Robinhood Chain assets as collateral. The platform simultaneously launched an $11 million LIT rewards pool, offering Robinhood users double rewards and three months of zero-fee trading.
Ethereum founder Vitalik Buterin praised Lighter. During a fireside chat with Lighter founder Vlad Novakovski on May 18, he lauded Lighter as "one of the more successful and noteworthy new projects in the Ethereum ecosystem."
The platform saw strong growth in trading volume, TVL, and revenue. Lighter's daily perpetual contract trading volume once exceeded $10 billion, and its cumulative trading volume over 30 days reached nearly $200 billion. TVL has stabilized at over $530 million, with a peak historical value exceeding $1.4 billion. It was listed in Grayscale's Top 15 on-chain application revenue rankings and has achieved approximately $50 million in protocol revenue.
The founder announced today that he has joined the CFTC Innovation Advisory Committee. Lighter founder and CEO Vladimir Novakovski has joined the U.S. Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee, which advises the CFTC on the intersection of technology, law, and finance.