Lighter’s token LIT has repeatedly set new highs since Aug. 20, reaching $3.8 on Aug. 26, nearly five times its March 30 low of about $0.78. The move has been supported by a limited circulating supply of roughly 25%, with team and investor allocations locked until Dec. 30, 2026, while selling pressure is mainly limited to staking rewards. Lighter has also repurchased 17.3 million LIT, equal to 1.73% of total supply and 6.92% of circulating supply. The project’s rally has also been tied to its differentiated infrastructure. Lighter operates as a trading-focused ZK Rollup that encodes matching, liquidation, and risk controls directly into circuit proofs before settling compressed state to Ethereum. The design aims to combine high-frequency trading performance with Ethereum-backed security, while giving users exit protection through on-chain data availability. Official figures cited in the source show sub-5ms matching latency, capacity for 20,000 orders and cancellations per block, and a reduction in average block verification time from about 5.3 minutes to about 1 minute over the past month. According to the source, Lighter’s total value locked exceeds $1.1 billion, placing it fifth among independently developed L2 networks tracked in the comparison cited. The article argues that this architecture, along with the project’s partnership with Robinhood, has helped investors assign a premium to Lighter as a perpetual DEX focused on verifiable execution and institutional-grade security.