Users on decentralized perpetuals exchange Lighter reported problems withdrawing assets today, Dec. 30, shortly after the platform announced and launched its native LIT token overnight.

According to reports from Wu Blockchain, as well as traders on X, the Ethereum Layer 2 DEX appears to have stopped processing withdrawals normally as of this morning. Some analysts said the delay may have been caused by Lighter’s system falling behind while handling increased withdrawal requests, with users reportedly receiving an error message “Too many L2 Withdrawals.”

As of press time, Lighter, which has a total value locked (TVL) of nearly $1.5 billion, has not released a public statement about the reported issues on the platform. The Defiant contacted Lighter for comment, but the team has yet to respond by press time.

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