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      Lighter's LIT Token Surges Amid Regulatory Speculation

      Lighter's LIT token has experienced significant growth, outperforming Bitcoin over the past month as traders position themselves for potential regulatory developments in the U.S. The token rose 13% in the last 24 hours, reaching $4.21, and has increased nearly 100% over the past month, contributing to a market value of approximately $1.05 billion. This surge comes despite a broader decline in trading volume across perpetual decentralized exchanges, which fell by over 30% in the past week to $20.85 billion per day, according to DefiLlama.

      The rally in LIT is part of a larger trend among certain perpetual DEX tokens, with edgeX's EDGE and Hyperliquid's HYPE also showing notable gains. EDGE increased by 47.5% in the last 24 hours, while HYPE rose by 6.1%. In contrast, other tokens like Aster saw a slight decline. The overall market dynamics suggest a shift towards newer platforms, as older perpetual protocols have not seen similar growth.

      Lighter's founder, Vladimir Novakovski, is a member of the CFTC's Innovation Advisory Committee, which recently discussed the regulatory landscape for cryptocurrencies. However, Lighter has not filed to register as a designated contract market, and there is no public docket naming the exchange. Meanwhile, Robinhood's involvement with Lighter has contributed to its trading volume, with significant activity occurring on a dedicated instance that excludes U.S. users. This instance has seen a rapid increase in deposits and trading activity since its launch in July.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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