1/ ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 Lighter powers Robinhood's new perps and just did its first-ever burn: 15.64M LIT (~$37.5M).
But here's what the hype misses: only 25% of LIT actually circulates. The insider half stays locked until December 27, 2026.
LIT's tokenomics, read straight from the data 👇
Litentry LIT Price History USD
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Buy and sell LIT easily and securely on BitMart.Litentry X Insight
2/ Of LIT's 1B supply:
• 25% airdropped Dec 30, 2025
The only unlocked
• 50% insiders (Team 26% + Investor 24%)
Start unlocking December 27, 2026
• 25% ecosystem/reserve
Locked, no schedule
Only ~234M LIT actually circulates after the burn. https://t.co/5MQamI14mW
3/ Half the supply sits with insiders, but the point isn't the size; it's the schedule.
It's a known clock: a one-year cliff, then a linear vest into December 2029, released as a steady weekly drip.
Unlocked isn't always sold. https://t.co/CltMyKOIPD
4/ The burn runs on real revenue, not emissions. Nearly all repurchased LIT has been burned: 15.64M of the 16.0M bought back.
Net effect today:
LIT is deflationary, ~30.6M LIT/year removed. https://t.co/SdSsZXWDmd
5/ That buyback-burn depends on revenue, and revenue has cooled sharply since the peak.
That smaller revenue base means less buyback and less supply removed just as the Dec 2026 vesting cliff approaches. https://t.co/y0V9wjsCqt
6/ On valuation, LIT trades at a lower revenue multiple than Hyperliquid, but with a half-locked supply and a still-falling revenue base.
📍The real question:
Can Robinhood's distribution reverse the revenue slide before the December 2026 cliff? https://t.co/UosAdb1UEH
7/ What to watch:
• The Dec 27, 2026 cliff and the release pace after it
• Whether Robinhood volume revives revenue enough for the burn to matter
• What Lighter plans to do with the 25% ecosystem reserve
• Full breakdown:
https://t.co/r5UwzYdoph
$LIT is up +40% this month even as protocol revenue fell 21%.
The reason is pretty simple. Two major catalysts landed within 10 days:
> On July 1, @RobinhoodApp chose Lighter as their perps partner inside Robinhood Wallet.
> Robinhood also allocated $11M in LIT incentives for Wallet traders and covered gas fees for the first 90 days.
Then on July 11, Lighter completed its first revenue-funded burn.
- 15.5M $LIT, ~6.3% of the circulating float.
Obviously, numbers need to improve.
But again, Robinhood brings distribution. Trading activity generates revenue. Revenue now funds burns.
I think the market is pricing this as another Robinhood Chain growth proxy.
The reason why I have conviction on $LIT and a message to all @Lighter_xyz investors, traders, and community.
In early 2025, a fellow options trader told me I needed to check out Lighter. I've been tracking the DEX space since 2021... from Hegic and Opyn on the options side to dYdX, GMX, and Hyperliquid on perps. I thought I'd seen every iteration of what a DEX could be.
Then I met @vnovakovski for coffee in New York City.
At first I thought I was at a perp dex pitch meeting. After a few more sips of coffee I realized he was describing a critical piece of infrastructure for the future of capital markets. Built on Ethereum. Ethereum is the longest running L1 with time-tested security and uptime that no other chain has come close to matching. I don't think crypto natives fully appreciate how important that decision was. Institutions do.
Now, I already know what you might be thinking. It's not AI! We need more memory! We need more compute! Maybe Lighter isn't the sexiest story for the AI folks in Silicon Val
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