LighterEnded
Lighter Points (Season 1 & 2)· Season 2· 25.0% of supplyconfirmedConfirmed by the team or on-chain
Open interest
$536.80M
24h volume
$1.12B
TVL
$603.00M
Annual revenueVolume annualised at a 0.00bps blended take rate.
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Points outstanding
12.5M points
Running
—
confirmedConfirmed by the team or on-chainTracked total
$
The token trades, so this is its live market FDV as of 2026-10-23 rather than an estimate.Multiples model: what comparable perp DEXs launched at, applied to this venue's revenue, volume, open interest and TVL. Range $462.95M–$2.35B.Regression on Volume · ecosystem, n=11, refit daily on listing-day and live FDVs. Range $170.63M–$4.66B.
%
confirmedConfirmed by the team or on-chainProgramme estimate
Value per point
$68.03
$3.40B × 25% ÷ 12.5M points
Your holding
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Enter your points to see what they're worth.
Sensitivity · $/point
FDV \ Drop
5%
10%
15%
20%
25%
30%
$850.33M
$3.40
$6.80
$10.20
$13.61
$17.01
$20.41
$1.35B
$5.40
$10.80
$16.20
$21.60
$27.00
$32.40
$2.14B
$8.57
$17.14
$25.71
$34.28
$42.85
$51.42
$3.40B
$13.61
$27.21
$40.82
$54.42
$68.03
$81.63
$5.40B
$21.60
$43.19
$64.79
$86.39
$107.98
$129.58
$8.57B
$34.28
$68.57
$102.85
$137.13
$171.41
$205.70
$13.61B
$54.42
$108.84
$163.26
$217.68
$272.10
$326.52
Rows are launch FDV (log-spaced around the FDV set in the calculator); columns are the share of supply going to the airdrop. Cells are the resulting value of one point, after any haircuts set under Advanced.
Fair-value breakdown
Annualised revenue—
No data for this venue · weight redistributed
Annualised volume$456.21M
$407.49B × 0.0×25%
Open interest$640.36M
$536.80M × 1.2×20%
TVL$2.49B
$603.00M × 4.1×15%
Blended fair value$1.03B
p25–p75 band$462.95M – $2.35B
Multiples fitted on 6+ comparable launches. Weights are normalised across whichever factors survive, so dropping one reweights the rest rather than scoring it zero.
PolymarketDisplay only · not fed into token probability
Token launch
No launch curve.
Day-1 FDV
- $1B100%
- $2B100%
- $3B0%
- $4B0%
- $5B0%
- $6B0%
Implied median $2.45B
Conditional — (no launch probability to condition on)
OTC price history
No OTC quotes for this programmeQuotes parsed from Telegram OTC desks, deduplicated and outlier-filtered.
GET /api/points/otcDaily medians of anonymous desk quotes. Treat as sentiment, not a price — a desk that wants to move the printed mid only has to post into the channel.
Emissions & dilution
No emission historyWeekly points issued, so you can see how fast your share is being diluted.
GET /api/points/emissionsEvery point issued after you earn yours dilutes your share of the same pool. A programme emitting steadily is worth less per point tomorrow than today, all else equal.
What we know1 fact · 1 parameter changes
Genesis airdrop fully done: TGE 2025-12-30, 25% of the 1B LIT supply pushed directly to Season 1 and Season 2 points holders with no claim process and no lock-up. Anything presenting a Lighter claim page today is phishing. Season 1 closed 2025-09-30. Supply splits 50% ecosystem+airdrop, 26% team, 24% investors, with insiders on a one-year cliff to 2026-12-27 then three-year linear vesting. This venue was widely listed as 'unlaunched / airdrop expected' by trackers into mid-2026 — that was wrong, and at least one large site published a correction in July 2026. A live $11M LIT pool for Robinhood Wallet users is funded from the ecosystem reserve and is not the genesis programme. Fees are a real 0/0 for Standard accounts, not a missing value; opt-in Premium pays 0.4/2.8bps and Plus 0.5bps flat.
Statusended · Season 2
Facts last verifiednot recorded
TGE expected—
Airdrop share of supply25.0% (team)confirmedConfirmed by the team or on-chain
Points outstanding12.5M points
Conversion ratios are set by each team at distribution time and no programme is obliged to ship a token. Never trade solely to farm an airdrop.