On December 30, according to MLM monitoring, Lighter had withdrawn 32.05 million USDC to its treasury address, while approximately 100,000 USDC remained in the transaction fee wallet on the Lighter platform.
Of the $32.05 million, approximately $8.6 million has been deposited back into Lighter since October 16, with about $7.5 million going into LLP (the fees generated will be returned to the holders and reflected in LLP earnings).
This is somewhat unusual, as this arrangement had never been publicly disclosed or mentioned in any documents before—meaning approximately 25% of the total revenue was used for this purpose. The remaining approximately 21.9 million USDC were transferred to a Coinbase escrow address.
