Lighter’s LIT token faces $2B–$3B valuation debate after airdrop

The newly airdropped LIT governance token for the Ethereum-based Layer 2 DEX, Lighter, is facing a valuation debate among traders, centering around a fully diluted valuation (FDV) of $2 billion to $3 billion. Premarket trading suggests an FDV above $3 billion, but prediction markets show more caution, with even odds for exceeding $3 billion and fading expectations for $4 billion or $6 billion outcomes following October's market crash. The article notes that recent low-float launches have inflated headline valuations, making FDV a forward-looking estimate easily distorted by liquidity concerns. Lighter currently averages about $2.7 billion in daily perpetuals volume, positioning it behind Hyperliquid and Aster.

(Source：CoinDesk)