What Lighter governs
Lighter (LIT) is a DeFi protocol governance token, currently ranked 104th by market capitalization among the assets we track. Rather than being money itself, Lighter is a claim on a financial protocol. Its worth tracks the fees, liquidity, and usage of the application beneath it far more than any monetary narrative.
How value is supposed to accrue
Usage drives everything here: more deposits and more volume mean more fees, and the token's value depends on whether those fees flow back to LIT rather than evaporating to liquidity providers alone.
Background & fundamentals
In sector terms it is most often filed under Coinbase Ventures Portfolio, Ethereum (ETH) Token (ERC-20), and Decentralized Exchange (DEX).
Where Lighter sits in the market
With LIT near $1.90, Lighter carries a market capitalization of $475.52M. Around $53.69M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 11.29% of the float — elevated, often a sign of narrative-driven trading.
Almost the entire LIT supply is already in circulation (~100.0% of the 1B cap), so future dilution is effectively off the table. The token is roughly -42% under its record of $3.26 — a meaningful but not catastrophic drawdown. Measured from its all-time low of $0.7783, LIT is up +144%.
What the price history shows
The tape currently reads 24-hour +10.29%, 7-day +23.47%, 30-day +42.83%. LIT is currently trading near the bottom of its 365-day range (around the 17th percentile of recent closes).
Volatility profile
Recent action puts Lighter in the Extreme-volatility band — it is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the last 30 days the move totals +42.83%, a useful input for stop placement and position sizing.
How to evaluate a DeFi token like Lighter
For an asset of this type, three lenses matter most:
- Protocol revenue — fees the application actually earns, and whether any of it reaches LIT holders.
- Total value locked — how much capital trusts the protocol — and how sticky it is versus mercenary yield.
- Token utility — whether LIT is load-bearing (governance over real value, fee rights) or decorative.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
