Litentry

Lighter and its trading symbol (LIT) is a decentralized blockchain network developed on the Ethereum network as a Layer 2 (Layer 2) project. It positions itself as a decentralized trading platform for perpetual futures, built on a zero-knowledge rollup mechanism. The platform bridges centralized and decentralized trading, offering speed and liquidity comparable to centralized trading platforms while maintaining full transparency and self-sovereignty through cryptographic proofs. Lighter uses custom ZK circuits to generate cryptographic proofs for all operations, including order matching and settlement, with final settlement taking place on the Ethereum blockchain. This approach enables the platform to process tens of thousands of orders per second with a response time of just fractions of a second, while ensuring that every transaction is fair and verifiable on the blockchain.

Lighter operates using a zero-knowledge rollup mechanism as a platform built on the Ethereum network and designed to provide fast, highly efficient trading operations. It uses a ZKR mechanism to validate transactions, while its order-matching system is based on price and time priority, making trade execution verifiable on the Ethereum network. The platform also automatically handles risk management, margin monitoring, and the liquidation of high-risk positions, with a liquidity pool in place to support the platform’s stability. Proofs and state changes are settled on the Ethereum network, which also enhances the security and withdrawability of the platform. Users can provide liquidity via LLP tokens and earn returns from trading fees, Meanwhile, LIT tokens serve as the network’s utility token, allowing holders to participate in governance, access platform services such as promotions and discounts, and pay fees.

We are constantly working to expand our list of available assets, and although we cannot provide a specific date for the listing of LIT at this time, you can follow the latest updates through our official social media channels such as X.Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.

No, you interact with the decentralized platform directly by connecting a Web3 wallet without traditional identity verification.

LIT is the native digital currency of the Lighter Protocol, used for governance, utility, and value alignment. It coordinates the system’s incentives and governs the protocol.

The fixed maximum total supply of LIT tokens is 1 billion tokens. A portion of the supply is circulating, while insider and team tokens are subject to a linear vesting schedule.

A Litentry wallet is where you can securely store Litentry. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.

A Litentry address is a string of unique characters that is tied to your Litentry wallet. The address functions just like a bank account number and it is what you use in order to send Litentry from your wallet, or to receive Litentry to your wallet.

Besides Litentry, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.

Price predictions for Litentry over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.

Trading Litentry may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.

Litentry’s all-time high (ATH) was ⁦AED 54.09⁩ on 16 Feb 2021. This represents the highest recorded market price of the asset to date.

We’re always working to expand our listed assets. While we can not provide a specific listing date for Litentry just yet, stay tuned for updates by following us on our official social channels like X.

With a market capitalization of 0.000, Litentry is ranked 917 among other crypto assets.

The highest valuation of Litentry since its launch was at ⁦AED 54.09⁩, marking its all-time high.

The trading activity of Litentry over the last 24 hours was at 473.2k, highlighting its liquidity in the market.

There are approximately 0.000 units of Litentry currently in circulation, affecting its market dynamics.

Litentry market cap is around 0.000.