Lighter's token LIT recently surged 19% to a new high of $1.62. Market attention was focused on its plans to gain access to the US market, while funds flowed into both perpetual contracts and the spot market.

Founder Discusses US Strategy

In an interview with Bankless, Lighter founder and CEO Will Price stated that the agreement aims to enter the US perpetual contract market and is working on obtaining regulatory licenses.

He stated that the LIT token is issued by C-corp, a company registered in Delaware, and that the company also has a presence in Washington, D.C. Price believes that the large size of the U.S. market is the main reason the company wants to enter it.

Perpetual funds and returns rise in tandem.

Following the publication of the interview, market activity related to LIT increased. Data shows that approximately $63.8 million flowed into the LIT perpetual contract market, with a funding rate of 0.0325%, indicating that long positions still dominate.

Protocol performance data continues to grow. Lighter's cumulative revenue reached $50.4 million, representing gross profit after deducting incentives; net income distributed to token holders reached $19.05 million.

The spot market continued to see net inflows.

According to CoinGlass's net inflow data, investors purchased approximately $6.17 million worth of LIT between May 30th and June 2nd. Despite the token's significant price increase, the spot market continued to see net inflows.

The article suggests that if spot holdings increase, positive funding rates, and perpetual market participation continue, short-term market sentiment for LIT may continue to be supported.