Lighter has made waves in the trading space, clocking nearly $200 billion in 30-day trading volume—a figure that's turning heads. The platform's momentum is undeniable, particularly as it now surpasses Hyperliquid in this key metric. What's driving the attention? The recent launch of its native LIT token is playing a significant role. This development signals shifting dynamics in the derivatives trading sector, where players are increasingly competing on both liquidity and tokenomics. Whether this surge represents sustainable growth or market reallocation remains something worth watching closely.