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$LIT seems like it found a bottom, especially with $HYPE's insane momentum
Here's why I think we shouldn’t sleep on $lit
– $273M MC vs $HYPE at $9B+, $lit is one of HL's biggest competitors at a fraction of the valuation
– 56% of supply staked for 7.14% APR + ~8M $LIT bought back → create real demand pressure
– $65.47B monthly volume, ranked #4 even with zero points incentives running
– Currently charging zero fees, lowest among perp DEXes
– Lighter EVM in the pipeline for composability + RWA expansion
The only catch: zero fees is great for user acquisition but it can also lower the revenue. Still need to watch how they monetize.
I just loaded up on $LIT here –> eyeing $2.1-$2.3 short-term.
This is NFA, just sharing how I'm thinking about it.