Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$28.48Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $28.48 | -- | -- | -- |
| Sep 2026 | $173.38 | -- | -- | -- |
| Aug 2026 | $228.28 | -- | -- | -- |
| Jul 2026 | $310.84 | -- | -- | -- |
| Jun 2026 | $632.31 | -- | -- | -- |
| May 2026 | $737.64 | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About Lit
Lit (app.lit.trade), a Hyperliquid-based trading terminal, has focused on infrastructure and tokenomics over the past six months (2026-03-04 to 2026-09-04). Key developments include:
Plonky2 Prover Optimization: In collaboration with Eigen Labs, Lit reduced verification time by over 50% (live Aug 23) via a 'heavy/light decomposition' for transaction complexity, cutting average block verification from ~5.3 min to ~1 min.
Token Utility Expansion: The LIT Fee Credits system (live Feb 26) allows access to premium fee tiers without staking. Buybacks via daily TWAPs began Jan 5, with 180,493 LIT (~$540K) repurchased. Staking (1 LIT : 10 USDC deposit ratio) and a planned secondary market for fee rights strengthen demand.
Revenue Trends: Protocol revenue declined from $15.6K (Q1 2026) to $2.06K (Q2) and $213 (Q3 to date), per DefiLlama, reflecting reduced trading volume.
Future Focus: Official roadmap emphasizes scaling the Plonky2 prover optimization to all transaction types, expanding LIT staking utility (e.g., governance, fee discounts), and growing the buyback program. No major product launches or partnerships were announced in this period.
Bill Lou (Co-founder): Software engineer, graduated from University of Pennsylvania with a degree in Computer Science. Previously worked as a senior software engineer at Bloomberg and BitGo, involved in multiple crypto projects. Now co-founder of Lit.
Osama (osama.hl, Founder/Co-founder): Software engineer, graduated from University of Waterloo. Previously worked at BitGo and SeatGeek, with experience in institutional-grade trading infrastructure. Co-founded Lit to build a high-performance trading terminal on Hyperliquid.