May 26
Lighter: How did LIT rally 11% despite ongoing SEC approval delays?
LIT gains 11% as protocol fees hit $152K, TVL reaches $149M, and Binance drives $69.82M in volume as open interest surges $29.9M to $249M.
➤ Despite ongoing SEC approval delays for tokenized stock trading, Lighter (LIT) has seen an 11% price rally. ➤ The surge is driven by increased on-chain activity, including a five-week high in protocol fees ($152K), a TVL of $149M, and a significant rise in Open Interest ($249M). ➤ Binance is a key driver of this rally, contributing $69.82M in volume, with technical indicators suggesting further upside potential towards $1.47.