Coinbase said spot trading for Lighter’s LIT token will go live once liquidity conditions are met. This marks a major visibility milestone just hours after the token’s public launch.
The announcement applies to regions where the LIGHTER-USD pair is supported and comes as LIT trades just below the $3 level during early price discovery.
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Coinbase Drives the Ligther Token Hype
The listing signal arrived on the same day Lighter completed its token generation event, releasing LIT into the market with roughly 25% of its 1 billion total supply circulating.
Early trading showed sharp volatility, with LIT initially selling off before stabilizing in the $2.7–$2.9 range, according to market data shared by participants.
Lighter launched LIT as the native token for its Ethereum-based perpetual futures exchange, positioning it as the protocol’s core asset for governance, incentives, and future fee mechanics.
Ligther LIT Token Price Chart. Source: CoinGeckoHalf of the total supply is allocated to the ecosystem, including a 25% community airdrop distributed to early users who accumulated points during 2025 incentive campaigns.
Team and investor allocations remain locked for one year before vesting gradually over three years.
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Hyperliquid and Aster Under Competitive Pressure
Meanwhile, broader perp DEX tokens moved lower following LIT’s debut. Hyperliquid’s HYPE token slipped around 1.5% on the day, while Aster’s ASTER token also trended down, despite no protocol-specific announcements.
Traders attributed the synchronized dip to short-term capital rotation and hedging as a new competitor entered the sector.
Historically, launches of large-cap perp DEX tokens have triggered temporary pressure across the category as liquidity fragments and traders rebalance exposure.
Lighter’s entry adds another high-valuation protocol into an already competitive market dominated by established platforms with deep liquidity and entrenched user bases.
Hyperliquid Token Price Drops After Ligther Launch. Source: CoinGeckoLooking ahead, market participants will watch how LIT’s price behaves as airdrop recipients decide whether to hold or sell, and whether Lighter can convert launch-day attention into sustained trading activity.
In the short term, volatility across perp DEX tokens is likely to remain elevated as the market absorbs the latest addition.
Source: https://beincrypto.com/coinbase-lists-ligther-lit-token/
