Lighter Burns 2,452,017 LIT Tokens After Completing Q3 2026 Buybacks

Lighter has burned 2,452,017 LIT, matching every token repurchased through its programmatic buyback by the end of Q3 2026. It is the first burn under the tokenomics update from July, which sends all future buybacks to a burn address on Ethereum mainnet. The perpetual futures exchange funds its open market LIT purchases with 100% of its trading fee revenue. Here is how the model works and why game studios that design their own tokens may want to watch it.