Lighter Jumps 20% to Seven Month High After Tokenomics Overhaul

Lighter (LIT) surged more than 20% on Monday to $2.6, its highest level since January, after the perpetuals exchange unveiled a tokenomics overhaul that adds permanent burns and a revamped staking model. The move made LIT the top gainer among the 100 largest cryptocurrencies. It extended a rally that has lifted the token roughly 40%