Update
Lighter Completes Token Burn
Lighter, a digital asset platform, has completed a token burn of 2,452,017 LIT tokens. This amount matches the total amount of LIT tokens that have been repurchased through the platform's programmatic buyback initiative by the end of the third quarter of 2026. The update highlights Lighter's commitment to reducing the circulating supply of its native token, LIT, on the Ethereum L2 network. The platform uses custom zero-knowledge (ZK) circuits for verifiable matching and liquidations, ensuring transparency and security in transactions.