Lighter’s LIT token rose almost 20% on 2 Jun, adding another 1.7% in the past 24 hours even as the broader crypto market was hit by billions of dollars in liquidations. The divergence followed renewed attention around Anchorage Digital’s institutional DeFi settlement infrastructure. Coverage of Anchorage’s Atlas and Porto stack linked the infrastructure to venues including Lighter, Hyperliquid and Aave.
That makes the market reaction more interesting. It suggests investors were repricing Lighter’s optionality, based on the chance that better institutional plumbing could help a smaller challenger compete for more durable professional flow.
