Lighter (LIT) climbed 12.85% over the past 24 hours, the biggest gain among the 100 largest cryptocurrencies. That took its seven-day advance to 23.49%, with the token now trading at $3.83.
The broader market fell more than 2% over the same period, and every large-cap token traded in the red. Two developments in two days, one from a research firm and one from Lighter, help explain it.
Follow us on X to get the latest news as it happens
Delphi Digital published a report on October 20, arguing that speculation is the theme of this decade. It recommends owning the platforms that profit from trading through fees or user distribution, rather than the assets being traded.
Lighter appears in the report next to Robinhood and Hyperliquid (HYPE). Delphi cited its zero fees for retail traders and its distribution through Robinhood Wallet. Since July, the wallet has offered Lighter perpetual futures in selected markets outside the US.
Robinhood also invested in Lighter’s November 2025 funding round.
“Lighter is the clearest second bet,” the report read.
By the report’s DefiLlama figures, Lighter handled about $56 billion in 30-day volume in early October. Hyperliquid led with roughly $203 billion, while Variational and Aster ranked between the two.
Afterward, Lighter added a regulatory catalyst of its own. Founder Vladimir Novakovski said Lighter will apply to the Commodity Futures Trading Commission (CFTC) in November.
Traders priced in both the licensing plan and Delphi’s endorsement this week, lifting LIT by double digits. That gain still leaves the token at less than half its December peak.
LIT set its all-time high of $7.86 on December 30, 2025, the day its airdrop went live. From $3.83, the token would need to gain about 105% to revisit that level.
Two events on Lighter’s calendar could decide how much of that gap the token closes in the coming months.
The CFTC filing comes first. New supply follows. Team and investor allocations, half of all LIT, begin vesting in late January 2027, per tokenomics data. The first monthly release covers about 13.5 million tokens.
The November filing will show whether those talks become a formal application before new supply arrives.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
The post Why Is Lighter Up 23% This Week? 2 Catalysts Explain the Move appeared first on BeInCrypto.
A language model interprets conversations and nominates ad candidates; separate tools score them, and an auction tool makes the final placement and pricing decisions.
Cash proceeds depend on warrant holders exercising their rights. Evernorth has not designated any amount for XRP purchases.
The quarter ended June 30, and Corning’s July 28 outlook called for $4.9 billion to $5 billion in third-quarter core sales.
U.S. spot Bitcoin ETFs drew $528.40 million on October 21, about 22.8 times the prior day’s inflows. Eight funds attracted capital as the market recorded
Blockchain Bodega is here and you know the vibes. We’re at the intersection of hip-hop culture and web3, exploring this new digital frontier. Who better to guide you through these uncharted lanes than Ock Chain – The Bitcoin Boss and the Consensus Corner Boys?
Ock Chain doesn’t just cook up random details about cryptocurrency; he lives it. Ock’s been deep in the game since Bitcoin was just a baby.
And let’s not forget about the Consensus Corner Boys. They’re our skilled crew of blockchain enthusiasts. They’re here to educate, entertain, and enlighten.
Welcome to Blockchain Bodega!
Copyright © 2023 Blockchain Bodega. All rights reserved.
