Multiple Bullish Factors Drive Lighter to New High: Total Value Locked Surpasses $1 Billion, Robinhood Instance OI Exceeds 200 Million, August Buyback of 927,800 Tokens
BlockBeats News, September 4th, according to HTX market data, Lighter (LIT) has recently hit a new all-time high, attracting market attention. In the past 24 hours, the price surged over 17.8%, reaching $4.49.
Today, they released their August monthly update, and the key data shows strong growth: total TVL surpassed $1 billion, August trading volume was around $39.5 billion, global perpetual contract market share increased compared to the previous period, and they conducted a buyback of 927,800 LIT tokens. The RWA-related position accounts for about 21% of the total OI. The performance of the Robinhood/Lighter independent instance was particularly outstanding, with a trading volume of around $5 billion in August, over 21,000 accounts, a monthly gross trading fee of around $500,000, OI exceeding $2 billion, with RWAs accounting for over 70%. Teams have started building products on this instance, and partners are bringing in new users and use cases through the Robinhood Chain. About 20 new integrations were added in August, covering areas such as trading terminals, Agents, data, and distribution.
Lighter's revenue model is undergoing a layered adjustment: Standard account basic functions remain fee-less, but advanced order types will now incur a 1 basis point fee; they have introduced a Plus tier for API users; and raised the Premium rate limit.
On the infrastructure front, the Prover Challenge in collaboration with EigenLabs has exceeded expectations and is expected to increase TPS several times over and reduce proof costs. This year, infrastructure costs have already decreased by 50%.
On the regulatory side, CEO Vlad traveled to Washington to attend the first meeting of the CFTC's Innovation Advisory Committee, continuing to drive the provision of services to U.S. users in a compliant manner. The team has stated that they will announce more partnerships by the end of the year and launch various forms of options products.
