Speculation around a potential Lighter token airdrop intensified after traders on Polymarket priced an 86% probability of a launch before the end of 2025.
Lighter, a decentralised perpetual futures exchange, has drawn heightened attention as it positions itself as a major competitor to Hyperliquid in the fast-growing perp DEX market.
Market optimism accelerated after Hyperliquid listed the yet-to-be-generated LIT token against USDC, despite no official token generation event having taken place.
A core contributor to Lighter, Sebas, also known as Babastianj, said the protocol was completing final preparations ahead of its long-anticipated token launch.
“We’re in the final stretch of Season 2 and are running data science to remove Sybil, self-trading, and wash-trading points,” Sebas said.
He added that all slashed and removed points are expected to be redistributed back to the community, reinforcing confidence among active platform users.
Lighter opened an optional airdrop allocation form allowing eligible participants to distribute tokens across up to four additional wallets.
The platform confirmed that users who do not complete the form will receive any airdropped tokens directly to their primary Lighter wallet.
Community speculation grew after Lighter transferred 250 million LIT tokens, representing 25% of total supply, ahead of an anticipated token generation event.
Lighter said its Season 1 points programme concluded in September, while Season 2 points continue to be distributed weekly to active traders.
According to the protocol, points are earned through organic trading strategies executed via both the user interface and application programming interface.
On Polymarket, more than $9.5 million in volume has backed predictions that the airdrop will occur before 31 December.
At least 86% of participants on the prediction market have positioned themselves in favour of a positive outcome by year end.
Onchain analyst Andrew 10 GWEI previously suggested the airdrop could arrive before December ends, citing an alleged insider-linked market position.
The renewed interest follows Lighter’s $68 million fundraising round announced in November, led by Founders Fund and Ribbit Capital.
The funding was revealed shortly after Lighter launched its public mainnet in October, marking a major milestone for the protocol.
Founded in 2022 by entrepreneur Vladimir Novakovski, Lighter has rapidly climbed the decentralised derivatives rankings.
Data from DefiLlama shows Lighter currently ranks as the second-largest perpetual decentralised exchange by volume.
In mid-December, major US exchange Coinbase added Lighter to its listing roadmap, signalling potential future support.