Lighter sees $250M in withdrawals following LIT airdrop

An estimated $250 million has been withdrawn from the decentralized perpetual futures exchange Lighter following the airdrop of its native token, LIT, CoinDesk reported, citing on-chain data platform Bubble Maps. The outflow represents approximately 20% of Lighter's $1.4 billion in total value locked (TVL). Nicholas Vaiman, CEO of Bubble Maps, explained that while the figure appears substantial, such capital movements are a natural phenomenon after airdrops as users rebalance their positions and move on to the next yield farming opportunity.