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Solana Token LIGHT Hits $202 Million Market Cap After 54% Surge

Heaven’s LIGHT token has surged over 290% in five days, boosting its market cap past $200 million as the platform’s token issuance ranks second on Solana.

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Summary

LIGHT, the native token of Solana-based AMM and Launchpad platform Heaven, has surged over 290% in the past five days, taking its market capitalization beyond $200 million. According to Dune data on August 20, Heaven's market share in token issuance now ranks second on Solana after pump.fun, ahead of Bags, Moonshot, and LetsBonk. LIGHT was the first token issued via Heaven’s Genesis ICO, with 100% of platform revenue dedicated to real-time buybacks and burns.

Terms & Concepts
  • Automated Market Maker (AMM): A decentralized exchange protocol that uses liquidity pools to enable cryptocurrency trading without traditional order books.
  • Token Buyback and Burn: A process where a project repurchases its tokens from the market and permanently removes them from circulation to reduce supply.
  • Genesis ICO: The initial coin offering that marks the first public sale of a token, often launching a project's funding and circulation.