Lighter to Burn 15.5 Million LIT in First Revenue-Funded Supply Cut

Lighter said it will carry out its first revenue-funded LIT token burn, removing about 15.5 million tokens, or 6.3% of circulating supply. According to BeInCrypto, the perpetuals exchange repurchased the Lighter Infrastructure Token (LIT) with trading revenue through the end of Q2 2026 under a late-June tokenomics overhaul that routes buybacks into permanent supply cuts. Lighter said it will publish the Ethereum transaction hash once the burn settles on-chain and will move repurchased LIT to an Ethereum burn address, or burn undistributed tokens it calls economically equivalent.