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Coinbase has announced that spot trading of Liteer’s LIT token will begin as soon as liquidity conditions are in place. This represents a significant step in increasing exposure just hours after the token was released to the public.
The announcement includes areas where the LIGHTER-USD pair is supportive and comes as LIT is trading below the $3 level during the first phase of price discovery.
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Coinbase’s funding brings a wave of enthusiasm for lighter tokens
The listing was reported on the same day that Lighter completed its token generation event, launching LIT into the market with approximately 25% of the total supply of 1 billion units in circulation.
The first trades showed strong volatility, with LIT initially selling before stabilizing between a range of $2.7-$2.9, according to market data shared by participants.
Lighter introduced the LIT token as a native token for its Ethereum-based perpetual contract exchange, seeing it as the protocol’s core asset for its governance, incentives and future fee mechanisms.
Half of the total supply was allocated to the ecosystem, including 25% of the community drop distributed to early adopters who accumulated points during the 2025 incentive campaigns.
The allocation of teams and investors will remain closed for one year before being gradually paid out over three years.
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Hyperliquid and Aster are under competitive pressure
At the same time, most other perpetual contract DEX tokens declined after the LIT takeoff. Hyperliquid’s HYPE token fell by 1.5% on the day, while Aster’s ASTER token also recorded a decline, although there were no specific announcements related to the protocol.
Traders attributed the simultaneous decrease to short-term capital turnover and hedging as a new competitor enters the sector.
Historical data has shown that the launch of large-cap DEX tokens often leads to temporary pressure on the category due to the dispersion of liquidity and traders rebalancing their exposure.
Lighter’s entry adds a highly valued protocol to an already competitive market dominated by established platforms with deep liquidity and a large user base.
Market participants were watching to see how Lite’s price behaves as airdrop recipients decide whether to hold or sell, and whether Lite could turn launch-day interest into sustained trading activity.
Expect high volatility to continue in the short term Codes DEX Perp With the market absorbing the latest addition.
