LIT

LIT is the native token of Lighter, a decentralized perpetual futures exchange that uses zero-knowledge rollup technology on Ethereum. The token serves governance and staking functions within the Lighter protocol, which differentiates itself by generating ZK-SNARK proofs for every trade execution, margin computation, and liquidation — enabling users to cryptographically verify that the exchange operated correctly without trusting a centralized operator. The Lighter protocol launched its token with a community airdrop and has positioned itself in the growing category of verifiable DeFi infrastructure. LIT's value proposition is tied to the adoption of Lighter's trading platform, the volume it processes, and the broader trend toward ZK-verified financial applications. For traders, LIT provides concentrated exposure to a single DeFi derivatives protocol, making it sensitive to platform-specific metrics like trading volume, open interest, and user growth.