Lighter has been moving very fast lately.

LIT gained another 13 percent in the last 24 hours and reached a new local high around $4.67.

That makes it three straight green days.

What caught my attention is that this move is not happening without activity behind it.

Lighter was recently added to Robinhood Wallet and network activity picked up after the integration.

Protocol fees also jumped from around $124K to $195K in just 24 hours.

That matters because part of those fees is used to buy back LIT.

If this activity continues then the token could get support from real usage instead of only market speculation.

The numbers around open interest are also interesting.

LIT open interest increased from around $138 million at the start of September to roughly $180 million.

That shows traders are becoming more active around the token.

But there is a risk here.

Lighter has moved a long way in a short period.

The token was already up around 465 percent while HYPE was up around 136 percent and ETH was up around 24 percent over the period mentioned in the report.

That kind of performance can attract buyers quickly.

It can also attract profit taking just as quickly.

Another thing I noticed is the size difference.

Lighter's market value is around $1.09 billion while HYPE is around $21.92 billion.

That means LIT is still much smaller.

So even a relatively small amount of new money can have a bigger effect on its price compared with a much larger asset.

Network activity is also growing.

LIT transfer activity increased from 1914 on August 29 to 6196 six days later.

That is a major jump in activity.

The Robinhood Wallet integration appears to be playing an important role here.

But I would still separate network growth from price expectations.

More users and higher fees are positive.

They do not guarantee that LIT will keep making new highs.

For the chart I would watch the old range between $3.20 and $3.85.

LIT has moved well above that area now.

If the price pulls back and buyers defend the previous range then it could show that the breakout has some strength behind it.

If the price falls back into the range and loses it then the recent move could start looking more like a short term spike.

For now LIT has a lot going for it.

Strong price momentum.

Higher open interest.

More network activity.

Higher protocol fees.

And a major wallet integration bringing more attention to the project.

But after a 13 percent daily move I would not chase blindly.

The next pullback may tell us more than the next green candle.

The real test is whether LIT can turn this recent strength into lasting demand.