Coinbase listed Lighter's LIT Token when the price nearly reached $3.

Coinbase stated that spot trading for Lighter's LIT Token will open once liquidation conditions are met. This is a significant milestone in terms of recognition, coming just hours after the Token 's public launch.

This announcement applies to regions that support the LIGHTER-USD trading pair, and is issued when LIT is trading below $3 during the initial price consolidation phase.

Coinbase fuels the hype surrounding the Lighter Token .

The listing information was released on the same day Lighter completed Token Generation Event, bringing LIT to market with approximately 25% of the total circulating supply of 1 billion Token .

Initial transactions saw significant volatility, with LIT experiencing a sell-off before stabilizing around the $2.7–$2.9 range, according to market data Chia by participants.

Lighter issued LIT as the native Token for its perpetual futures exchange on Ethereum , Vai as a core asset for governance, rewards, and future fee mechanisms of the protocol.

Half of the total supply is reserved for the ecosystem, with 25% allocated through a community Airdrop program for early users who accumulate points in the 2025 promotional campaigns.

The Token held by the development team and investors will be locked for one year, then gradually allocated over the next three years.

Hyperliquid and Aster under competitive pressure.

Meanwhile, other DEX perp Token tended to decline after LIT's launch. Hyperliquid's HYPE Token dropped about 1.5% on the day, while Aster's ASTER Token also saw a slight decrease, despite no specific announcement from the project.

Traders believe this widespread decline is due to short-term capital flows shifting and risk hedging, as a new competitor enters the sector.

In the past, the launch of major DEX perp Token often caused temporary price fluctuations across the industry, due to dispersed liquidation and investors readjusting their portfolio allocations.

The emergence of Lighter has added another highly valued protocol to the Capital competitive market, which features many large platforms with deep liquidation and loyal user communities.

Looking ahead, the market will be watching the price movements of LIT as Airdrop recipients decide whether to hold or Token Sale, and XEM Lighter maintains its appeal and volume after launch.

In the short term, volatility in DEX perp Token is expected to remain high as the market absorbs this new addition.