Coinbase Lists Lighter’s LIT Token as Price Nears $3
Coinbase mentioned spot buying and selling for Lighter’s LIT token will go stay as soon as liquidity situations are met. This marks a significant visibility milestone simply hours after the token’s public launch.
The announcement applies to areas the place the LIGHTER-USD pair is supported and comes as LIT trades slightly below the $3 stage throughout early value discovery.
Coinbase Drives the Ligther Token Hype
The itemizing sign arrived on the identical day Lighter accomplished its token technology occasion, releasing LIT into the market with roughly 25% of its 1 billion complete provide circulating.
Early buying and selling confirmed sharp volatility, with LIT initially promoting off earlier than stabilizing within the $2.7–$2.9 vary, in response to market knowledge shared by members.
Lighter launched LIT as the native token for its Ethereum-based perpetual futures exchange, positioning it as the protocol’s core asset for governance, incentives, and future charge mechanics.
Half of the entire provide is allotted to the ecosystem, together with a 25% neighborhood airdrop distributed to early customers who gathered factors throughout 2025 incentive campaigns.
Team and investor allocations stay locked for one 12 months earlier than vesting progressively over three years.
Hyperliquid and Aster Under Competitive Pressure
Meanwhile, broader perp DEX tokens moved decrease following LIT’s debut. Hyperliquid’s HYPE token slipped round 1.5% on the day, whereas Aster’s ASTER token additionally trended down, regardless of no protocol-specific bulletins.
Traders attributed the synchronized dip to short-term capital rotation and hedging as a brand new competitor entered the sector.
Historically, launches of large-cap perp DEX tokens have triggered non permanent stress throughout the class as liquidity fragments and merchants rebalance publicity.
Lighter’s entry provides one other high-valuation protocol into an already aggressive market dominated by established platforms with deep liquidity and entrenched consumer bases.
Looking forward, market members will watch how LIT’s value behaves as airdrop recipients resolve whether or not to carry or promote, and whether or not Lighter can convert launch-day consideration into sustained buying and selling exercise.
In the brief time period, volatility throughout perp DEX tokens is prone to stay elevated as the market absorbs the most recent addition.
The publish Coinbase Lists Lighter’s LIT Token as Price Nears $3 appeared first on BeInCrypto.