Perp DEX Lighter announced the buyback on March 8, confirming that all future value created through its products and services will benefit LIT token holders.
Lighter, a decentralized perpetual exchange (Perp DEX), disclosed on March 8 that it repurchased 7.48 million LIT tokens, roughly 3% of the total circulating supply. The protocol emphasized that value derived from its trading services and platform operations will accrue directly to holders of the LIT token. Token repurchases such as this are commonly used in decentralized finance (DeFi) ecosystems to support token value and reinforce community ownership.