Coinbase Lists Lighter's LIT Token as Price Approaches $3

Based on BitJie, Coinbase announced that the LIT token from Lighter will launch spot trading once liquidity conditions are met. This follows the token's public launch and marks a significant visibility boost for LIT, which traded just below $3 during its early price discovery phase. The listing applies to regions supporting the LIGHTER-USD trading pair. On the same day Lighter completed its token generation event, the listing signal was issued, with approximately 25% of the 10 billion total supply entering circulation. Market data shows early trading volatility, with LIT initially sold off before stabilizing between $2.70 and $2.90. Lighter positions LIT as a core asset for governance, incentives, and future fee mechanisms. Half of the total supply is allocated to the ecosystem, including a 25% community airdrop for early users who accumulate points during 2025's incentive period. Team and investor allocations are locked for one year and will vest over three years. Meanwhile, broader DEX token prices declined, with Hyperliquid's HYPE down about 1.5% and Aster's ASTER also falling despite no protocol announcements. Traders attributed the synchronized drop to short-term capital rotation and hedging as new competitors enter the market. Historically, large-cap perpetual DEX token launches have caused temporary category-wide pressure due to liquidity dispersion and rebalancing of risk exposure. Lighter's entry adds a high-valuation protocol to an already competitive market dominated by mature platforms with strong liquidity and user bases. Market participants will closely watch LIT's price movement, as airdrop recipients decide whether to hold or sell, and whether Lighter can convert initial attention into sustained trading activity. Short-term volatility is expected to persist as the market digests the latest developments.