Lighter Season 1 Airdrop total amount reached up to $675 million, with a net outflow of $30 million on the first day.

By the end of 2025, decentralized derivatives protocol Lighter ($LIT) officially launched its TGE (Token Generation Event) on December 30, with an initial airdrop amount of up to $675 million. This brings to mind last year’s Hyperliquid, which airdropped $1.8 billion. This airdrop is not only a showcase of technical strength but also an ultimate showdown between top-tier capital factions and grassroots communities.

(Recap of this year’s most successful airdrop: Why did Hyperliquid become a textbook example of narrative and tokenomics?)

Lighter investors include Peter Thiel’s Founders Fund.

Compared to Hyperliquid, which claims to have no fundraising, Lighter does not hide its strong capital backing. Its investor list spans the top Silicon Valley venture capital firms:

Leading investors: Haun Ventures, Ribbit Capital, Founders Fund (founded by Peter Thiel), Craft Ventures.

Strategic giants: a16z, Dragonfly, Lightspeed, Coatue, SV Angel.

Brokerages: Robinhood.

Anchorage Digital even provided custody services on the first day, indicating its target market is institutional-level.

Lighter airdropped $675 million, with $30 million net outflow on the first day.

The launch of Lighter inevitably draws comparisons to Hyperliquid ($HYPE), which became popular in late November 2024. Although both pursue extreme trading performance, their core philosophies are entirely different.

At the end of last year, Hyperliquid shocked the market with an “anti-VC” stance. Its founder Jeff Yan, leveraging a high-frequency market-making background, generously airdropped 31% of tokens as a genesis reward to the community without private placements or market makers, creating a myth of an $1.8 billion airdrop. At that time, Hyperliquid quickly rose to the top ten in global blockchain TVL with a “retail-first” consensus.

According to BubbleMap data, Lighter airdropped tokens worth $675 million to early participants, with $30 million net outflow on the first day.

This article, “Lighter’s total airdrop amount in Q1 reached $675 million, with $30 million net outflow on the first day,” first appeared on Chain News ABMedia.