$LIT is attracting attention for a reason, but the bigger question is whether growing interest can translate into lasting demand. Lighter is a decentralized exchange focused on perpetual futures trading, aiming to provide efficient on-chain trading infrastructure. Its native token is designed to connect token holders with the value generated by the ecosystem, including potential buybacks. A notable development came on October 20, 2026, when 21Shares launched a physically backed Lighter exchange-traded product in Europe, expanding access for traditional brokerage investors. On the market side, the chart shows LIT approaching $3.98, with the $3.40–$3.50 area representing an earlier consolidation zone. A sustained move above the recent high could strengthen momentum, although rejection remains possible. Tokenomics deserve equal attention: LIT has a maximum supply of 1 billion tokens, with approximately 250 million reported as circulating. The remaining supply creates potential dilution as additional tokens enter circulation. Unlock trackers differ on the timing and structure of future releases, so upcoming team and investor distributions need careful monitoring. For me, the key factors are sustained trading activity, real protocol usage, transparent token distribution, and whether demand can absorb additional supply without weakening price performance.

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