Out of all the narratives that defined 2025, perpetual derivatives may have been the most significant, but just two weeks after Lighter’s token generation event (TGE), the token is already underperforming as traders transition to other platforms.
Lighter’s LIT token is down 15% today and 27% over the last week, and the platform’s activity metrics are beginning to slow as airdrop farmers chase incentives on competing exchanges.
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