Lighter (LIT) token is surging! Currently up **+11% to +20% in 24h**, trading around $1.58–$1.64, with trading volume exploding. Key drivers of the rally: Accelerating institutional adoption Anchorage Digital (U.S. regulated bank) has officially supported Lighter. Integration with Hyperliquid and Aave is expected to drive significant institutional capital inflows. Vitalik Buterin effect Ethereum’s founder cited a Lighter-related DeFi proposal, sparking massive attention. Protocol buyback Ongoing LIT buybacks funded by trading fees—reducing supply pressure and enhancing utility, creating a bullish catalyst. Technical credibility As a zk-rollup-based perpetuals DEX, it’s highly regarded for security (e.g., L2BEAT). U.S. regulatory compliance (Delaware C-Corp structure) further boosts institutional appeal. Lighter is an Ethereum L2 perpetuals DEX competing with Hyperliquid. Having emerged from its post-TGE consolidation phase, it’s showing signs of revival driven by buybacks and institutional narratives. With a market cap of ~$400M and an FDV exceeding $1.6B, many consider it undervalued. Stay updated via @Lighter_xyz