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Lighter Completes Audit & Open-Sources Verification Code Ethereum Layer 2 perpetual DEX Lighter has achieved a major transparency milestone. What Happened: The team has successfully completed security audits of both its perpetual and spot trading ZK circuits, and has now made the full verification code open-source. Why It Matters: → Anyone can now independently verify every order, cancellation, and liquidation on Lighter L2 → The code is available on GitHub for developers and security researchers to review → This move builds trust by allowing the community to validate how the protocol operates on Ethereum Key Stats: Lighter processes ~500 million orders and cancellations daily $222 billion in trading volume over the last 30 days Currently leads the perp DEX sector ahead of Hyperliquid and Aster What's Next: The LIT token launch is expected on December 29, following the close of airdrop delegation forms. This open-source release sets a strong example for transparency in DeFi infrastructure.

COINOTAG News, citing official sources, confirms that MGBX plans to list LIT (Lighter) for spot trading on December 26, 2025, at 18:00 UTC+8. This disclosure aligns with standard exchange timetables and marks a meaningful listing milestone for the token. Deposit access opens at 17:00 UTC+8, with trading commencing at 18:00. The withdrawal timetable remains to be announced by the platform. Lighter is described as a perpetual trading protocol that delivers a scalable, secure, transparent, and non-custodial, verifiable order-book infrastructure embedded within the Ethereum ecosystem, aimed at improving on-chain liquidity and risk controls. Investors should monitor official channels for updates on withdrawal scheduling and liquidity dynamics to assess impact on execution quality and risk management.

According to on-chain tracking data, a whale wallet starting with 0xdaa deposited approximately $2.6 million in collateral to the Hyperliquid platform yesterday. The address in question opened a short position on Lighter (LIT) with 1x leverage and a size of approximately $1.25 million. The average entry price was recorded as $3.53, and the liquidation price as $6.98. At the time of writing, it appears that the whale is continuing to increase its position, and approximately $970,000 of the margin remains unused. On the market side, LIT is currently trading at around $3.47 in the pre-launch market. Based on pre-market pricing, the project’s fully diluted market value (FDV) is approximately $3.4 billion. However, a weakening sentiment is noticeable. According to data from the prediction and betting platform Polymarket, the probability that Lighter’s FDV will remain above $3 billion one day after its IPO has fallen by approximately 7% today, to 55%. Related News Experienced Analyst: “Bitcoin Needs to Settle in This Region Before Going Up” On the other hand, it was reported on December 20th that Lighter transferred 250 million LIT tokens (approximately 25% of the total supply) to a new address. Current on-chain data shows that approximately 12 million tokens have been distributed so far. If all of these tokens are used in future airdrops, each Lighter point would be worth approximately 20.8 LIT. Based on the current upfront price, this translates to approximately $72.1 per point. The prevailing market expectation is that Lighter will conduct its airdrop on December 31st. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!