Lighter | Crypto

A massive leveraged long in the ARC perpetuals market collapsed on Lighter, triggering auto-deleveraging but limiting liquidity provider losses to about $75,000. A big crypto trader lost $8.2 million after a leveraged bet on the ARC perpetuals market unraveled on the decentralized derivatives platform Lighter, forcing the platform to tap its backstop liquidity and trigger auto-deleveraging to manage risk. In a series of posts on X, the platform explained that the whale built a very large long position over several days, pushing total open interest in the ARC (ARC) market to about $50 million, while about 600 traders and market makers took the opposite side. The trade began to fail when ARC’s price dropped around 6:00 pm ET on Wednesday. About $2 million of the position was liquidated on the order book, and the remaining position was moved into Lighter’s liquidity provider pool (LLP), where it was handled under a high-risk strategy category. Read more

Bubblemaps CEO says outflows seen on Lighter on Dec. 31 are not uncommon as users rebalance hedging positions and move on to the next farming opportunity.

Bubblemaps said Lighter airdropped $675 million in LIT, one of crypto’s biggest ever, as data shared on X suggested about 75% of recipients were still holding. Lighter, a decentralized exchange (DEX) that offers perpetual futures trading, carried out one of the biggest token giveaways in crypto history, even as critics continued to question how the project split its token supply. Lighter airdropped a total of $675 million worth of Lighter Infrastructure Tokens (LIT) to early participants on Tuesday, according to blockchain data visualization platform Bubblemaps. “$675M airdropped to early participants. $30M withdrawn from Lighter (only),” wrote Bubblemaps in a Tuesday X post. The $675 million total makes the Lighter airdrop the 10th largest airdrop by US dollar value in cryptocurrency history, according to crypto data aggregator CoinGecko. Read more

Lighter has published tokenomics for its Lighter Infrastructure Token (LIT): 50% to users, partners and incentives and 50% to team and investors, with a 1-year cliff and 3-year vesting. DeFiLlama data have shown Lighter posting about $4.3B in 24h perp volume and $201B over 30 days. As debate builds. The post Lighter’s LIT Tokenomics Split DeFi Community – Fair Launch or Insider Heist? appeared first on Cryptonews.

Lighter’s LIT token launch sparked debate over insider ownership, while prediction markets and whale trades revealed divided expectations regarding valuation. Lighter, one of the fastest-growing perpetual decentralized exchanges (DEXs), drew mixed reactions in the decentralized finance (DeFi) community after unveiling the tokenomics of its new Lighter Infrastructure Token (LIT). Under its structure, 50% of LIT’s supply is reserved for the ecosystem, while the remaining 50% is allocated to the team and investors, with a one-year cliff and a multi-year vesting schedule. As part of the rollout, Lighter said it had already distributed 25% of LIT’s total supply through an airdrop tied to its first two points seasons, which ran throughout 2025. Read more

Btc: 87k (-1%) | btc.D: 59.0% (0%). Eth: 2953 (-3%) | bnb: 853 (-1%) | sol: 124 (-3%). The White Whale goes almost 15x in a week, from $5m to $71m mcap. Lighter TGE rumours stirring. YouTuber Nick Shirley reveals mass fraud in Minnesota daycare system. Gold & Silver prices see huge dump

Polymarket traders price an 86% chance of Lighter’s airdrop by the end of 2025 as the DEX opens wallet allocation forms and redistributes slashed points. Lighter, a perpetual decentralized exchange (perp DEX) and a major rival to Hyperliquid, is fueling airdrop speculation as Polymarket traders bet on a token launch before year’s end. Sebas, also known as Babastianj, a core contributor to the Lighter DEX, announced on the project’s Discord channel Monday that the platform is finalizing key processes ahead of the highly anticipated token generation event (TGE). “We’re in the final stretch of Season 2 and are running data science to remove Sybil, self-trading, and wash-trading points,” he said, adding that all slashed and removed points are planned to be redistributed to the community. Read more

A trading bot caused Hyperliquid’s token to more than double in a minute on Lighter DEX, raising concerns over thin liquidity.

DEX wars are heating up as Hyperliquid, Aster and Lighter battle for dominance; lasting success depends on tech, not token perks. A new wave of DEX wars has shifted from token incentives to a focus on speed, leverage and sustainable infrastructure. Hyperliquid continues to lead the market with over $300 billion in monthly volume, strong liquidity and rising institutional adoption. Aster’s growth is powered by airdrops, Binance-backed credibility and leverage that attract professional traders. Read more

Aster Price Prediction has reviewed Aster’s jump in daily and weekly volumes, a reported 72% share among perps DEXs, and a 205% weekly move in $ASTER, weighing support near $1.75 and upside scenarios against Hyperliquid’s larger market capitalization. The post Aster Price Prediction: Outpacing Hyperliquid and Lighter – Is ASTER the Next Binance? appeared first on Cryptonews.