{"id":92833,"date":"2025-12-31T17:00:00","date_gmt":"2025-12-31T14:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92833"},"modified":"2026-01-08T08:55:56","modified_gmt":"2026-01-08T05:55:56","slug":"lighter-airdrop-joins-cryptos-ten-largest","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/lighter-airdrop-joins-cryptos-ten-largest\/","title":{"rendered":"Lighter Airdrop Becomes Crypto\u2019s 10th Largest"},"content":{"rendered":"<p><a href=\"https:\/\/forklog.com\/en\/news\/perp-dex-old-tricks-new-tech\">perp DEX<\/a> Lighter <a href=\"https:\/\/forklog.com\/en\/news\/perp-dex-lighter-announces-airdrop-of-12-5-million-native-tokens\">held<\/a> an airdrop of LIT tokens worth $675m. The event ranked among the ten largest token distributions in crypto history, according to <a href=\"https:\/\/www.coingecko.com\/research\/publications\/biggest-crypto-airdrops\">CoinGecko<\/a>.<\/p>\n<p>By dollar value, Lighter\u2019s <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-airdrop\">airdrop<\/a> edged past 1inch ($671m) to take tenth place overall. Uniswap remains the outright leader, having distributed $6.43bn of tokens in 2020.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-cc963c080953889b-2404373970409558.webp\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2025-12-31 151303\" class=\"wp-image-272917\"\/><figcaption class=\"wp-element-caption\">\u0418\u0441\u0442\u043e\u0447\u043d\u0438\u043a: CoinGecko.<\/figcaption><\/figure>\n<p>Most recipients did not sell. Analyst Arndxt noted that 75% of users kept their tokens, and 7% bought more on the open market.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">shedding some <a href=\"https:\/\/twitter.com\/search?q=%24LIT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LIT<\/a> airdrop stats<\/p>\n<p>people are not selling their airdrops (75% still holding) and some have been accumulating <a href=\"https:\/\/twitter.com\/search?q=%24LIT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LIT<\/a> instead.<\/p>\n<p>price have been holding up $2.5 to $2.7 very strongly<\/p>\n<p>the perp meta is not dead but going to get more competitive from here on <a href=\"https:\/\/t.co\/MDu3KunVyS\">pic.twitter.com\/MDu3KunVyS<\/a><\/p>\n<p>\u2014 arndxt (@arndxt_xo) <a href=\"https:\/\/twitter.com\/arndxt_xo\/status\/2006244101277331615?ref_src=twsrc%5Etfw\">December 31, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Some investors voiced concerns over the project\u2019s tokenomics. Half of the entire LIT supply is reserved for the team and investors, with a one-year lock-up followed by multi\u2011year vesting.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">50% to team??? What the rug is this??<\/p>\n<p>\u2014 CocoFusion Labs (@CocoFusionLabs) <a href=\"https:\/\/twitter.com\/CocoFusionLabs\/status\/2005880308743254269?ref_src=twsrc%5Etfw\">December 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Market participants called the share excessively high for a DeFi protocol. Some compared the model with that of rival platform <a href=\"https:\/\/forklog.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\">Hyperliquid<\/a>.<\/p>\n<p>At the time of writing, LIT trades at $2.66 (-18.1% on the day). The token\u2019s market capitalisation is $692.9m, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/lighter\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"625\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-a1e8b4349785f77a-2404430707541594-1024x625.png\" alt=\"LITUSDT_2025-12-31_16-14-10\" class=\"wp-image-272918\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-a1e8b4349785f77a-2404430707541594-1024x625.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-a1e8b4349785f77a-2404430707541594-300x183.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-a1e8b4349785f77a-2404430707541594-768x468.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-a1e8b4349785f77a-2404430707541594.png 1428w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u0427\u0430\u0441\u043e\u0432\u043e\u0439 \u0433\u0440\u0430\u0444\u0438\u043a LIT\/USDT \u0431\u0438\u0440\u0436\u0438 MEXC. \u0418\u0441\u0442\u043e\u0447\u043d\u0438\u043a: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=MEXC%3ALITUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The crypto investor known as Casa warned that buying at current levels may be attractive only in the short term.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I think most people are trading for re-pricing of <a href=\"https:\/\/twitter.com\/search?q=%24LIT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LIT<\/a> towards 5B-6B FDV, which is justifiable given that <a href=\"https:\/\/twitter.com\/search?q=%24ASTER&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ASTER<\/a> is trading around there.<br \/>Aster and Lighter should be more comparable at this point, I mean if you cannot even pass <a href=\"https:\/\/twitter.com\/search?q=%24ASTER&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ASTER<\/a> then no need to compare w\/ HYPE yet. <br \/>So\u2026 <a href=\"https:\/\/t.co\/vGE0wFFkLs\">pic.twitter.com\/vGE0wFFkLs<\/a><\/p>\n<p>\u2014 casa (@coin_casanova) <a href=\"https:\/\/twitter.com\/coin_casanova\/status\/2005964754519814385?ref_src=twsrc%5Etfw\">December 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Sustained growth will require meaningfully higher trading volumes and durable user retention.<\/p>\n<h2 class=\"wp-block-heading\">Perp-DEX boom<\/h2>\n<p>Lighter\u2019s token distribution came amid a blistering expansion in perp-DEX activity. By end-2025, cumulative sector volumes reached $12.09trn, up from $4.1trn at the start of the year.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"389\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-45b641e932e89227-2404462490388070-1024x389.jpg\" alt=\"019b73fe-057c-75a1-984f-e72c93abefe7\" class=\"wp-image-272919\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-45b641e932e89227-2404462490388070-1024x389.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-45b641e932e89227-2404462490388070-300x114.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-45b641e932e89227-2404462490388070-768x292.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-45b641e932e89227-2404462490388070.jpg 1059w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u0418\u0441\u0442\u043e\u0447\u043d\u0438\u043a: <a href=\"https:\/\/defillama.com\/perps\">DefiLlama<\/a>.<\/figcaption><\/figure>\n<p>Year 2025 alone accounted for $7.9trn, or 65% of all-time trading on such venues.<\/p>\n<p>Activity peaked in the second half. Volumes were $2.1trn in the first six months and $5.74trn in the second (73% of the annual total). Since October, monthly turnover has consistently topped $1trn. The fourth quarter outstripped the entire first half.<\/p>\n<p>Rising liquidity and better order execution have turned perp-DEXs from alternative venues into primary destinations for margin trading.<\/p>\n<h2 class=\"wp-block-heading\">The end of Hyperliquid\u2019s monopoly<\/h2>\n<p>The segment began to take shape in 2021 with dYdX and Perpetual Protocol, but received a strong impulse in 2023 after Hyperliquid\u2019s launch.<\/p>\n<p>In the first half of 2025, Hyperliquid dominated with monthly volumes of $175bn\u2013$248bn. Competitors, including Aster and Lighter, lagged well behind.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"387\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-613ec3e62a8b0798-2404488368564316-1024x387.jpg\" alt=\"019b73fe-086d-723e-a837-24ac6b4f6680\" class=\"wp-image-272920\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-613ec3e62a8b0798-2404488368564316-1024x387.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-613ec3e62a8b0798-2404488368564316-300x113.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-613ec3e62a8b0798-2404488368564316-768x290.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-613ec3e62a8b0798-2404488368564316.jpg 1055w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u0418\u0441\u0442\u043e\u0447\u043d\u0438\u043a: <a href=\"https:\/\/defillama.com\/perps\">DefiLlama<\/a>.<\/figcaption><\/figure>\n<p>The picture shifted mid-year. Lighter <a href=\"https:\/\/forklog.com\/en\/news\/leading-perpetual-dex-lighter-introduces-spot-trading-with-ethereum\">scaled<\/a> monthly volumes from under $50bn to over $100bn by the third quarter. Aster posted explosive growth late in the year, reaching $259bn in October and November.<\/p>\n<p>The numbers point to a market in transition: from single\u2011platform dominance to a competitive ecosystem with several large players.<\/p>\n<p>In October, Lighter <a href=\"https:\/\/forklog.com\/en\/news\/new-rival-to-hyperliquid-launches-mainnet\">launched<\/a> its <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">layer-2<\/a> mainnet based on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-ethereum-virtual-machine-evm\">EVM<\/a>. In December, the platform <a href=\"https:\/\/forklog.com\/en\/news\/leading-perpetual-dex-lighter-introduces-spot-trading-with-ethereum\">added<\/a> spot trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Perp DEX Lighter held an airdrop of LIT tokens worth $675m, ranking among crypto\u2019s ten largest, according to CoinGecko.<\/p>\n","protected":false},"author":1,"featured_media":92834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Lighter\u2019s $675m LIT airdrop joins crypto\u2019s ten largest, says CoinGecko.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,2365,787,1823],"class_list":["post-92833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-aster","tag-dex","tag-hyperliquid"],"aioseo_notices":[],"amp_enabled":true,"views":"241","promo_type":"1","layout_type":"1","short_excerpt":"Lighter\u2019s $675m LIT airdrop joins crypto\u2019s ten largest, says CoinGecko.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92833"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92833\/revisions"}],"predecessor-version":[{"id":92910,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92833\/revisions\/92910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92834"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}