$LIT Lighter February updates:

Lighter has generated more than $81B in total volume.

And also they did $6.85M of revenue so annually around $80M of buybacks is happening, but the previous months’ revenue was a bit lower, annually I would say around $70M.

And also OI has gone down a lot due to market conditions. Many traders are hesitating to take trades right now and many perp DEXs have launched where points farming is going on, so some amount of funds have also flowed there.

And $LIT’s market cap is currently around $350M. To be honest, we have seen a good drop in it and I think soon after market conditions turn green we will see a new ATH because Lighter as a product is doing good. Just like $HYPE caught momentum, absolutely $LIT just needs a little time.

And also Lighter’s total volume has reached $1.52T in a few months, that’s amazing overall.

And the best thing or news from Lighter is that they are consistently buybacking their token and already more than 7M LIT has been bought back.

And also more than 136.4M $LIT has been staked, that’s huge bro, around more than 60% of Lighter’s circulating supply is now locked in LLP.

That’s it

Lighter 🕯️