DeFi perps leadership shifts as Lighter's speculative volume fades and liquidity redistributes.
Lighter: How incentive exhaustion cut LIT's dominance to 8.1%
AI IMPORTANCE: 6/10
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AI INSIGHT
Lighter's dominance in DeFi perpetuals falls to 8.1% on Feb. 21, 2026 following exhaustion of its incentive programs; platform speculative trading volume has declined and liquidity has migrated to rival perpetual venues, on-chain and exchange data show.
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