The protocol said the buybacks amount to about 6% of LIT’s circulating supply, offering an updated snapshot of post-launch token support.
Lighter said it has repurchased more than 15 million LIT tokens since TGE (token generation event, when a token is first issued), according to an update posted on X. The protocol said the buybacks represent about 6% of LIT’s circulating supply. Token buybacks are typically used to reduce liquid supply in the market and can serve as a signal of ongoing protocol support after launch.