LIT Token Rises Nearly 10% After Revenue-Sharing Deal with Circle

Lighter's native token, LIT, experienced a nearly 10% increase following the announcement of a significant revenue-sharing agreement with Circle. According to NS3.AI, the $920 million USDC deal allows Lighter to share interest income from Circle's USDC reserves on its platform. This partnership is expected to bolster Lighter's growth by enhancing user incentives and platform features.