LIT Rallies 18% as Lighter Team Commences Buybacks

Lighter’s LIT token jumped 18% after the team began using protocol fees for buybacks, as the DEX gains ground in perpetual futures trading.

Posted January 6, 2026 at 11:26 am EST.

Decentralized exchange Lighter’s native token LIT surged 18% late on Monday as the team behind the protocol started an active buyback program using its fees.

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“The fees generated and protocol buybacks can be tracked with the treasury account in the block explorer,” said the Lighter team, sharing a link to onchain records that show its treasury account holds 180,588 LIT tokens.

The LIT token was unveiled only last week, with the team committing to allocate 50% of the token’s 1 billion supply to the ecosystem.

Since launching its public mainnet in October, Lighter has quickly gained on Hyperliquid and Aster in share of the perpetual futures market. Data from DeFiLlama shows that Lighter recorded $161.19 billion in 30-day trading volume, outpacing Hyperliquid’s $152 billion and Aster’s $147 billion over the same period.