Lighter's LIT Token Launch Sparks Debate Over 50/50 Allocation

As reported by Bijiawang, Lighter, a perpetual decentralized exchange, has sparked mixed reactions after revealing its tokenomics for the LIT token. The protocol allocated 50% of the token supply to the ecosystem and 50% to the team and investors, a decision that has fueled heated discussions within the DeFi community. In the first two points seasons of 2025, 25% of the total LIT supply was airdropped to eligible users, with 12.5 million points converted into tokens. The remaining 25% of the ecosystem allocation is reserved for future points seasons, partnerships, and growth incentives. The team and investors received 26% and 24% of the supply, respectively, both subject to a one-year vesting period followed by a three-year linear unlock. The 50/50 allocation has drawn sharp criticism on social media, with some calling it 'crazy' and questioning its long-term impact on the ecosystem. On prediction markets like Polymarket, traders have bet over $70 million on LIT’s fully diluted valuation (FDV) on its second trading day, with most confidence placed on a valuation above $10 billion. CoinGecko data shows LIT’s current FDV at $27.3 billion, with a market cap of $6.84 billion and a price of around $2.74. Only 25% of the supply is currently in circulation, consistent with the airdrop distribution.