LIT, the native token of the Lighter decentralized exchange, surged over 15% in 48 hours, climbing from below $3.50 to above $3.94, but remains stuck below the $4 resistance level despite a 110% explosive run in August. The DEX recorded $39B in perpetual volume in August, including $7.3B from Robinhood integration alone. The platform’s revenue rose 24% to $2.62M while fees jumped 30% to $3.5M, with most revenue allocated to LIT buyback. The token could target $5 if the broader crypto market maintains its recovery and the $4 hurdle is cleared, though the Fed rate decision may extend LIT’s sideways structure.
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