What Is Lighter (LIT) and Why Are Investors Paying Attention?

[johnblockbuster]

Lighter (LIT) is the native token of a decentralized perpetual futures exchange built on Ethereum Layer 2. The platform focuses on onchain derivatives trading, aiming to offer high performance while remaining non-custodial. LIT is used within the ecosystem for governance, incentives, and potentially future value-accrual mechanisms tied to trading activity.

Investor interest has grown rapidly following Lighter’s airdrop and exchange listings, which pushed the token into early price discovery. Supporters point to strong trading volumes, rising mindshare among perpetuals protocols, and comparisons with competitors like Hyperliquid and Aster as reasons LIT could continue to attract capital — especially if the protocol sustains real usage beyond launch hype.

[etfs]

everyone comparing it to hyperliquid already feels a bit premature