LighterLIT

The token of Lighter, a zero-knowledge perpetuals exchange on Ethereum; launched 30 Dec 2025.

Rank #83Since December 2025

Price on 31 Oct 2026

C$3.87 +21.0% since 31 Jul 2026 · 64.0% below its all-time high

The short version

LIT is the token of Lighter, a perpetual-futures exchange that runs as its own zero-knowledge rollup on Ethereum, founded by Vladimir Novakovski. The token launched on 30 Dec 2025 with 25% airdropped; team and investor shares (50% together) are locked until 27 Dec 2026. Trading-fee revenue buys back LIT every day, and since 30 Jun 2026 repurchased tokens are burned: 15.6 million LIT were burned on 10 Jul 2026. On 31 Oct 2026 one LIT cost C$3.87. From 31 Jul 2026 to 31 Oct 2026 its price changed +21.0% in Canadian dollars, and it was 64.0% below its all-time high of C$10.76 set on 30 Dec 2025.^[1]

Facts checked 2 Nov 2026 · 11 sources · next update about 1 Dec 2026

Price, past year

Since 30 Dec 2025: high C$7.51 (24 Sep 2026) · low C$1.13 (31 Mar 2026) · +3.6%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$3.87	US$2.77
30 Sep 2026	C$5.59	US$3.93
31 Aug 2026	C$4.90	US$3.53
31 Jul 2026	C$3.20	US$2.28
30 Jun 2026	C$2.64	US$1.86
31 May 2026	C$1.89	US$1.37
30 Apr 2026	C$1.29	US$0.9485
31 Mar 2026	C$1.13	US$0.8076
28 Feb 2026	C$1.85	US$1.36
31 Jan 2026	C$2.33	US$1.72
31 Dec 2025	C$3.71	US$2.70

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$3.87^[1]
3-month change: +21.0% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 64.0% below its high of C$10.76 (30 Dec 2025)^[1]
Market rank: #83, market value about C$967.9M^[1]
Kind: Token · Ethereum (ERC-20); also on Robinhood Chain
Started: December 2025

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoNo mint function in the LIT contract; 1 billion created at launch^[2]

Can anyone freeze or take coins from holders?NoNo pause, blacklist or balance-change function in the token contract^{[2, 3]}

Can the token's contract code be changed?NoFixed contract code on Ethereum, not a proxy^[3]

Is the supply capped?Yes1 billion maximum; burns have cut total supply to about 982M^{[2, 4]}

Any scheduled unlocks in the next 12 months?YesTeam and investor vesting from 27 Dec 2026: about 142M LIT by Nov 2027, 57% of circulating^{[5, 4]}

Does a team or foundation hold over 10% of supply?YesTeam 26% and investors 24% locked; ecosystem reserve 25% also project-held^[5]

Do network fees reach coin holders?YesTrading fees fund daily buybacks, burned since 30 Jun 2026; stakers earn 6% APR^{[6, 5]}

Main network hacked or halted in the past 2 years?YesLighter's rollup was down about 4.5 hours on 10 Oct 2025 (database growth); no exploit found^{[7, 8]}

Is a regulator or court case targeting the coin itself?NoNo regulator or court case found^[7]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Lighter, founded by Vladimir Novakovski; US$89M raised, latest US$68M at about US$1.5B led by Founders Fund and Ribbit^[5]
Upgrade keys: A 3-of-5 multisig upgrades the rollup with a 21-day delay that a 4-of-7 multisig can skip; all upgrades so far fast-tracked^[7]
Token contract: Plain ERC-20 with no mint, pause or blacklist function; not a proxy^{[2, 3]}
Largest wallets: Top wallet holds 23.2% and a contract 14.9% (unlabelled); 11,735 holders on 1 Nov 2026^[3]

Supply

In circulation: 250.00M LIT of a 1.00B maximum (25.0%)^[1]
Fully diluted value: 3.93 times its current market value^[1]
Allocation: Airdrop 25% (unlocked 30 Dec 2025), ecosystem reserve 25%, team 26%, investors 24%^[5]
Unlocks: Team and investors: one-year cliff to 27 Dec 2026, then linear vesting over three years; reserve timing not set^[5]
Buybacks and burns: About 16.0M LIT bought back by 17 Jul 2026; 15,638,703 LIT burned on 10 Jul 2026; total now about 982M^{[5, 4]}

Use and fees

Main use: Fee discounts and staking at Lighter; 500,000 staked LIT cuts premium fees 30%; only stakers may fund the LLP^{[6, 9]}
Fees: US$71.1M of perpetuals fees in the past year (DefiLlama); standard accounts pay no maker or taker fees^{[10, 9]}
Who gets fees: Fee revenue funds daily LIT buybacks, burned since 30 Jun 2026; stakers earn a fixed 6% APR in bought LIT^{[6, 5]}

Trading

Daily trading: About C$114.1M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 8.37% of its market value changes hands each day^[1]
20-week average: 6.9% below its 20-week average price^[1]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[11]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

3 red flags found

Red flag: Scheduled team and investor unlocks of about 142M LIT between 27 Dec 2026 and Nov 2027, about 57% of circulating supply.^{[5, 4]}
Red flag: The Lighter rollup, the project's own network, stopped for about 4.5 hours on 10 Oct 2025 (L2BEAT incident log).^[7]
Red flag: Team (26%) and investor (24%) allocations, 500M LIT locked until 27 Dec 2026, are 51% of the 982M total supply; a 25% ecosystem reserve is also project-held.^{[5, 4]}

Team and investor tokens (50% of supply) start vesting on 27 Dec 2026, about 13.9M LIT a month for three years.^[5]
The Lighter rollup was down about 4.5 hours on 10 Oct 2025 after database growth problems (L2BEAT incident log).^[7]
A pause guardian able to halt the rollup for up to 24 hours was added on 2 Oct 2026 and configured on 20 Oct 2026.^[7]
L2BEAT counts LIT itself as 45.2% of the US$1.06B of value the rollup secures.^[7]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.