Token Buyback Speculation Fuels Rally in Lighter’s Perpetuals Ecosystem
Lighter’s native token posted strong gains at the start of the week as onchain activity sparked speculation around a potential protocol-led buyback. The move highlights growing investor focus on revenue-backed token models within decentralized finance.
The LIT token surged nearly 14% over a 24-hour period, trading around $3.04, as blockchain data suggested that Lighter may be actively repurchasing its native asset. Market participants began tracking movements from the protocol’s treasury wallet, where LIT balances increased notably, indicating possible buyback execution.
Lighter addressed the speculation publicly, noting that protocol fees and buyback activity are transparently visible onchain through its treasury address. While the team stopped short of formally confirming an active buyback, it reiterated prior commitments to allocate protocol revenues between ecosystem growth and token repurchases, depending on market conditions.
As of late Monday, the treasury wallet held 180,588 LIT, valued at approximately $549,000, reinforcing expectations that buybacks may be underway. The Ethereum-based perpetuals exchange launched its token last week, allocating 50% of the 1 billion total supply to the ecosystem.
Lighter has rapidly emerged as a leading decentralized perpetuals platform, reporting over $200 billion in monthly trading volume in December. Backed by a $68 million funding round at a $1.5 billion valuation, the protocol’s revenue-linked token structure is increasingly viewed as a key driver of long-term value for LIT holders.
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