LIT rose around 10% after Lighter raised USDC proceeds alongside Circle. The proceeds are estimated at around $920 million, triggering short-term buying.
Following reports of the agreement between Circle and Lighter, LIT saw a surge of nearly 10% on february 12th. According to market data, the agreement includes a revenue-sharing scheme in USDC, which could provide Lighter with an efficient source of returns to support incentive and reward programs.
Reports indicate the deal amounts to $920 million USDC allocated to a revenue-sharing model. It was also noted that a recent airdrop of $675 million LIT significantly impacted the token’s performance.
In parallel, data showed that trading volumes peaked at $74.9 billion in mid-November, before declining to $25.3 billion after the airdrop, providing context for the market’s reaction.
Key aspects of the Lighter and Circle agreement
Regarding the technological background, Lighter operates with a ZK-rollup architecture designed for perpetual futures and spot trading. This approach, based on zero-knowledge proofs, allows for on-chain settlements and order matching at reduced costs, making it possible to offer very low or even zero fees for certain retail users. This structural efficiency could be one of the factors that might prove strategically attractive to a stablecoin issuer like Circle.
However, risks were also pointed out that could moderate the actual impact of the agreement. The drop in volumes following the airdrop implies lower commission revenues, which could strain any revenue-sharing arrangement if activity does not recover.
Furthermore, some reports mentioned previous community concerns related to token movements, issues that, if revived in the public debate, could influence market sentiment.
Ultimately, while the figures released, such as the 920 million USDC, suggest a potential structural boost for Lighter, key questions remain: whether that amount represents effectively committed capital or just theoretical capacity, how the revenue would be distributed, and what the implementation timeline would be.
