Airdrops

Users of Perpetual trading platform Lighter report failed withdrawals showing the error "Too many L2 Withdrawals." On-chain explorer data points to a lag between the Prover and Sequencer, with the last committed block #137759880 finalized prior to the December 30, 2025 update. The team has not issued a formal statement, while LIT trades at $2.84.

On December 30, 2025, Lighter unveiled tokenomics for its Lighter Infrastructure Token (LIT), assigning 50% of supply to ecosystem incentives and 50% to team and investors. The project says insider allocations include a one-year cliff and three years' linear vesting, and confirmed a 25% airdrop tied to two points seasons in 2025.

Decentralized perpetuals exchange Lighter is rolling out the Lighter Infrastructure Token (LIT) as the core asset for its governance and value capture model ahead of its token generation event. Half of LIT’s supply is allocated to ecosystem initiatives, including a 25% fully diluted airdrop for participants in two 2025 points programs, while the remaining half goes to the team and early backers under a one-year lockup and three-year vesting schedule. Revenue from Lighter’s products is designed to accrue onchain to LIT holders through flexible mechanisms such as ecosystem reinvestment or token buybacks.

On December 30, 2025, perpetual futures DEX Lighter launched trading for its native Lighter Infrastructure Token (LIT) after months of building activity. The token's early price discovery saw levels around $2.80, while the platform reported about $1.4B in value locked and $4.7B in daily trading volume. LIT will distribute 25% of its total supply to point farmers based on two 2025 farming seasons, fully unlocked for trading.

Lighter has confirmed its LIT Token Generation Event for December 30, 2025, allocating 25% of the total supply through an immediate, fully unlocked airdrop and reserving 50% for community incentives. With BingX confirming a spot listing and pre-market LIT perpetuals on Hyperliquid drawing over $94 million in daily volume, the launch is shaping up as one of the most closely watched token events of the year.

On December 27, 2025, Lighter said its $LIT token generation event and user airdrop will occur before the end of 2025, with 25% of supply allocated, no vesting, and no claim step. The token will debut on Lighter, while Hyperliquid has launched a pre‑market LIT‑USDC perpetual with up to 3x leverage.

World Liberty Financial's USD1 saw its market capitalization increase by about $150 million on Wednesday after Binance announced the limited-time "USD1 Boost Program" offering up to 20% APR on Simple Earn Flexible products. The campaign runs from December 24, 2025 to January 23, 2026, with first‑come‑first‑served subscriptions, a per‑user cap of 2 million USD1, and bonus tiers up to 50,000 USD1.

On December 24, 2025, Midnight developer Sebastien Guillemot said the team completed a key cryptographic step to enable direct interoperability between Ethereum and Cardano wallets. He cited support for Ethereum’s Keccak and Cardano’s Blake2b as the basis for a privacy-first layer that validates ownership without exposing user data.

In 2025, trader Didi and Memento Research each examined how airdropped tokens perform after launch, finding that most now trade well below their token generation event prices. Their data shows individual airdrops have frequently dropped over 90%, while 84.7% of 118 new launches this year sit under initial valuations and many suffer drawdowns of 50%–70% or more. Commentators argue that high fully diluted valuations, complex eligibility rules, and Sybil attacks are eroding both token performance and wider enthusiasm for airdrops.

Arizona State Senator Wendy Rogers prefiled SB 1044, SB 1045, and SCR 1003 with the Arizona Senate late last week, aiming to exempt virtual currency from state and property taxes and to bar local taxes on blockchain node operators. The node-focused bill could be enacted by the legislature, while broader exemptions would require voter approval in November 2026.