Airdrop of $675 million! Lighter ranks among the top ten in crypto history, and the LIT token sparks DeFi buzz

Blockchain Data Visualization Platform Bubblemaps Reports that the Decentralized Perpetual Contract DEX Platform Lighter Has Completed a Token Airdrop of Up to $675 Million, Making it the Tenth Largest Airdrop in Cryptocurrency History by USD Value. The Airdrop Distributed Lighter Infrastructure Tokens LIT to Early Participants, Sparking Widespread Attention from the Market and DeFi Community.

According to data disclosed by Bubblemaps on X, Lighter airdropped approximately $675 million worth of LIT to the community, while the platform itself retained only about $30 million. This scale surpasses the approximately $671 million airdrop by 1inch Network in 2020, ranking tenth in history, but still slightly below LooksRare’s $712 million airdrop in 2022. In comparison, Uniswap’s $6.43 billion airdrop in 2020 remains the largest in cryptocurrency history.

From user behavior, the token retention rate after Lighter’s airdrop appears relatively stable. On-chain data shows that about 75% of airdrop recipients continue to hold LIT, with another approximately 7% of addresses further increasing their holdings on the secondary market. Some analysts interpret this data as market confidence in Lighter’s perpetual contract DEX model and token prospects. Several early users have revealed that their personal airdrop value has reached six figures in USD.

However, debates surrounding Lighter’s token economic model have not subsided. Public information indicates that about 50% of the total LIT supply is allocated to the ecosystem, with the remaining 50% belonging to the team and investors, set with a 1-year lock-up period and multi-year linear unlocking arrangements. Some DeFi community members believe that the high proportion allocated to the team and investors may exert downward pressure on the price during future unlock cycles, and others point out that its design is somewhat similar to Hyperliquid’s model.

Data from Nansen shows that as of UTC 11:20, the market cap of LIT is approximately $678 million, with a price above $2.71. Meanwhile, crypto investor Casa warns that at the current price, LIT is more suited for short-term trading opportunities, and its long-term value will depend on the growth of Lighter’s perpetual contract trading volume and genuine user retention.

Overall, the $675 million Lighter airdrop has become a significant event in DeFi and crypto airdrop history, and its subsequent performance may serve as an important reference for evaluating the next generation of on-chain derivatives platforms.