#lighter infrastructure token

The post Lighter Burns 15.5 Million LIT in First Revenue-Funded Supply Cut appeared on BitcoinEthereumNews.com. LIT News Lighter is executing its first revenue-funded token burn of the Lighter Infrastructure Token (LIT), destroying roughly 15.5 million tokens — about 6.3% of circulating supply. The perpetuals exchange said the batch equals every LIT it programmatically repurchased with trading revenue through the end of Q2 2026, and it confirmed the tokens are being sent to an Ethereum burn address. The team pledged to publish the on-chain transaction hash once the burn settles, a transparency step that lets holders verify the reduction directly. For an altcoin whose valuation leans heavily on supply mechanics, a permanent cut of this size marks a concrete shift from promise to execution. The burn is the first output of a tokenomics overhaul introduced in late June, when Lighter announced that buybacks would permanently retire supply rather than accumulate in the treasury. Under the pr

The post Lighter Prepares to Burn 15.5 Million LIT in First Revenue-Funded Supply Reduction, Will LIT Rally? appeared on BitcoinEthereumNews.com. Lighter will carry out its first revenue-funded LIT token burn, removing about 15.5 million tokens, or 6.3% of circulating supply. The perpetuals exchange repurchased the Lighter Infrastructure Token (LIT) with trading revenue through the end of Q2 2026. The burn is the first under a June tokenomics overhaul that routes buybacks into permanent supply cuts. Lighter said it will publish the Ethereum transaction hash once the burn settles on-chain. Revenue-Funded LIT Token Burn Replaces Buybacks The burn follows a late-June tokenomics overhaul, when Lighter said buybacks would cut supply rather than sit in its treasury. The exchange has bought back LIT with trading fees since its LIT token debut in December. “buybacks will be used to permanently reduce the LIT supply through burns,” Lighter said in the June update. Those buybacks rest on real re