what's lit?
Lit is a decentralized trading platform built on the Hyperliquid blockchain, specializing in perpetual futures (perps) and advanced trading tools. It leverages Hyperliquid's high-performance orderbook to provide low-slippage trading experiences, surfacing live markets from HIP-3 protocols which enable customizable and on-chain perpetual exchanges. Lit emphasizes transparency and edge for traders through features like real-time insider wallet tracking, position monitoring for top holders, and notifications for whale movements. The platform integrates with emerging Hyperliquid Improvement Proposals (HIPs), particularly HIP-3, allowing users to discover and trade on newly deployed DEXes and assets as they launch on mainnet. This includes volatility indices, custom perps, and other DeFi primitives, fostering an ecosystem where builders and traders interact seamlessly. Lit's interface aggregates mainnet deployments, providing a unified view of available markets tagged by network status. Community-driven development is core to Lit, with regular feedback loops, builder rankings, and events like HIP-3 Spaces to discuss innovations. Upcoming features, such as enhanced wallet modules, aim to equip traders with deeper insights into market dynamics without centralized intermediaries.
Lit deploys new premium fee and latency tiers based on staked LIT on 2026-02-09.
Links
x.com/lit_tradeExecuted buybacks increased by 21.6% over the 30-day period ending February 24, 2026, with no buyback activity in the most recent 7 days.
A whale DCA'd into a short position on LIT 1 hour before 2026-02-13 08:33 UTC, currently showing unrealized profit of approximately $3.17M with 360% ROI on the LIT short position.
Deploys new premium fee and latency tiers based on staked LIT on 2026-02-09.
Listed on OKX in the US market during January 2026.
Featured in a thread by @matrixthesun covering post-TGE analysis on January 20, 2026.
Listed for trading on gTrade (Gains Network) platform.
Listed on HTX exchange.
LIT token deployed on Solana blockchain using a custom bridge provided by Sunrise_DeFi, with approximately $180,000 worth of tokens minted.
Listed for trading on DriftProtocol and JupiterExchange on Solana.
Listed for trading on Definitive platform on 2026-01-15.
Listed on Robinhood spot trading platform.
Listed on Bybit spot trading.
Rolled out staking on the Lighter platform, where staked LIT tokens provide access to LLP, fee discounts for market makers and HFTs, yield generation funded by premium user allocations, and free withdrawals for users staking more than 100 LIT.
Launched a mobile-exclusive trading competition with 100,000 LIT prize pool starting on 2026-01-15.
Experienced a 32.0% price decline in the week ending January 13, 2026.
Open interest declined during the week ending January 13, 2026.
gained 3% in price on January 8th, 2026, ranking among the top movers in the crypto market.
Declined 5% in price to $2.90.
Value accrues to LIT holders, with token issued from a US C-Corp. Suitable for spot buying with a long-term perspective.
achieved over 2.5 million USD in trading volume on Backpack with zero fees
A holder plans to buy back 200,000 LIT tokens previously sold and acquire an additional 800,000 LIT tokens.
Sold $200,000 worth of LIT tokens after accumulating over 5% of the circulating supply, as confirmed by onchain data.
An entity acquired 1% of LIT total supply.
Top 20 airdrop recipients collectively hold their tokens with a net increase of 2.65 million tokens valued at approximately $7 million.
Exhibits funding rate arbitrage opportunity of 309% APR as of December 31, 2025.
Three whales deposited 9.98M USDC into Lighter to buy LIT, spending 8.67M USDC to acquire 3.44M LIT with 1.35M USDC remaining.
Users reported problems withdrawing assets from the Lighter platform on December 30, 2025.
Achieved $105M in annualized revenue.
Listed on OKX global perpetual futures markets on December 30, 2025.
Some exchanges are listing spot trading without holding the underlying tokens, creating inventory risk, settlement risk, and potential withdrawal/deposit halts.
Experienced a $200,000 purchase in a single transaction on December 30, 2025.
Established revenue allocation model where DEX and other Lighter product revenues will be used for growth and token buybacks depending on market conditions.
Designated LIT as the fee token for financial data providers and subscribers.
Airdropped tokens to Season 1 and Season 2 participants on 2025-12-30, with 25% of total supply allocated to these seasons without vesting.
MEXC launchpad closes on 2025-12-29
Listed on Binance as a USDT perpetual contract in pre-market trading starting on 2025-12-23 at 17:30 UTC with up to 5x leverage.
Added as a new currency in Aster Dex API.
Transferred 15% of total token supply to Coinbase Custody.
Airdrop features wallet linking for up to 5 wallets with a deadline of 2025-12-26.
Listed on a pre-market DEX.
Lighter moved 25% of LIT tokens onchain.
Tier one exchange listings confirmed for day one of TGE launch.
$LIT TGE is incoming with trader targeting entry at 4B FDV valuation, expecting rotation from Lighter points farmers to tokenless perpetual DEXes as competition intensifies.
The project is announced as a new partner alongside 14 other projects (including unruggable_io, Vybe_Network, IkonShopApp, GotSOLpay, mattlefun, DomainDexApp, cherrydotfun, heliuslabs, StakeToby, encifherio, FlashTrade, MagicSwapPro, byreal_io, and LinceFinance) in a multi-partner collaboration announcement.
Mobile trading application tutorial released featuring chart-based trading functionality with direct order execution on Hyperliquid.
Partnership or collaboration with Brave browser mentioned.
Community launch occurs via Aerodrome Finance platform, with Syndicate.io confirming usage of the protocol.
Token launch completes and mainnet transition announced with $LITKEY serving as payment token for services; three projects (Emblem, Hustle, Migratefun) built using the TEE system.
$LIT perpetual futures are now live on Vest platform alongside $ENVX and $AMPX.
Joins SEDA CTO and computeindex in discussion about HIP3 perpetuals on Hyperliquid.
Dashboard tracks HIP-3 protocol development showing multiple teams actively building perpetual markets for US equities, pre-IPO companies, and GPU/compute futures.
Vincent platform launches in early access, featuring Ethereum-native agent layer and decentralized key management.
New partnership with Lagrange and DeepProve integration enables verifiable AI agent development.
Token price continues to surge, now up 75.30% and ranking #2 among all gainers.
Token price has surged 60.5% amid a broader market correction, showing continued momentum after the Coinbase delisting announcement but at a different rate than previously reported.
Coinbase delisting has triggered a 200-500% price increase.
Scheduled for Coinbase delisting on May 16.
Coinbase announces trading suspension for token on May 16 due to updated version failing listing criteria.
Investment and collaboration announced between four Web3 projects: Phala, Lit, Lagrange, and Nillion.
Protocol expands ecosystem through Vincent launch and powers EmblemVault and AgentHustleAI integrations.