The native token of perpetual exchange Lighter (LIT) surged 21.3% over the past 24 hours to $3.88 after briefly touching $3.90. The rally coincided with strong outperformance against the two largest crypto assets: LIT posted an 18.3% gain against Bitcoin (BTC) and 17.6% against Ethereum (ETH) over the same period.
The price rally was triggered by a Delphi Digital research report on October 20, 2026, which placed Lighter on par with Hyperliquid in its analysis of decentralized perpetual futures exchanges. The report rekindled market attention on Lighter’s perpetual trading integration within Robinhood Wallet via the Arbitrum-based Robinhood Chain Layer-2 network, which has been live since July 1.
50/50 Revenue Share and Vlad Tenev’s Backing
Lighter’s collaboration within the Robinhood Wallet ecosystem includes several key terms for users. The program allocates 11 million LIT tokens to a Robinhood Wallet user points program, featuring a 50/50 revenue-sharing mechanism between both parties. In addition, all trading contracts and collateral across the system are denominated in the USDG stablecoin.
Robinhood’s backing of Lighter is not a sudden partnership. Robinhood Ventures previously invested in Lighter’s $68 million funding round in November 2025 at an exchange valuation of roughly $1.5 billion. The institutional tie-in is further underscored by Robinhood CEO Vlad Tenev, who serves directly as an advisor to Lighter.
Lighter EVM Testing and Supply Structure
On the infrastructure front, Axiom announced the public devnet launch of Lighter EVM on October 16, 2026. This test network connects Ethereum smart contracts directly to Lighter’s zero-knowledge proof (ZK-proof) matching engine, unlocking high-speed execution for smart contract developers.
Behind the flurry of partnerships and technological integrations, token supply dynamics remain a primary consideration in market calculations. LIT’s circulating supply currently stands at 250 million tokens out of a 1 billion maximum cap. Consequently, only 25% of the total supply is actively circulating as the price nears $3.90.
For decentralized derivatives market participants, the spotlight from Delphi Digital’s research and Robinhood’s ecosystem support clarifies Lighter’s competitive standing against dominant players like Hyperliquid. However, with 750 million tokens yet to be released into the market, the long-term supply structure remains a crucial variable that traders must weigh before entering the asset.
Reported by crypto.news.
Read also: What Is DeFi (Decentralized Finance)?
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
