LIT is the native token of Lighter, a decentralized trading platform designed to deliver exchange-grade performance while keeping execution verifiable. Lighter is built as a custom zero-knowledge rollup on Ethereum and generates cryptographic proofs for core exchange operations—including order matching and liquidations—so activity can be publicly verified while users retain the ability to deposit and withdraw via Ethereum.

Within the Lighter ecosystem, LIT is positioned as an infrastructure token intended to align incentives across traders, developers, and other stakeholders. The project has described a roadmap where parts of the platform’s execution, verification, and market-data services can be tiered or accessed through LIT staking, with value generated by Lighter’s products and services designed to accrue to LIT holders over time.

LIT is an ERC-20 token on Ethereum (18 decimals) with a maximum supply of 1,000,000,000. This page tracks Lighter’s live price, chart, market cap, volume, and other market data.

Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications, providing them with a secure and scalable infrastructure. It operates on its native cryptocurrency called ether, used by participants to transact and incentivize network operations.

Ethereum stands out for its ability to support smart contracts, which are written into code and stored on the Ethereum blockchain. These contracts eliminate the need for intermediaries or third parties, as pre-defined actions are carried out when they are triggered. This sets Ethereum apart from other cryptocurrencies and traditional financial systems. Smart contracts on Ethereum have diverse applications, automating processes like financial transactions, supply chain management, and voting systems. For instance, a rental agreement stored as a smart contract could transfer payment from a tenant to a landlord on the specified due date, without manual intervention or reliance on a trusted third party.

The execution of smart contracts on Ethereum brings transparency and immutability to the network. Once deployed, these contracts cannot be altered or tampered with due to the decentralized nature of the blockchain. This ensures that the agreed-upon terms and conditions are followed without any potential for manipulation or fraud. Since the contract is visible to all participants on the Ethereum network, it promotes transparency and trust, allowing independent verification of the contract's execution and outcome. Ethereum's smart contract feature revolutionizes the way agreements and transactions are conducted, eliminating intermediaries, automating processes, and ensuring transparency and immutability. This functionality opens up a world of possibilities for decentralized applications and contributes to a more efficient and secure financial system.