Lighter Launches EVM Devnet with One-Second Blocks for Smart Contract Trading
Lighter's new EVM devnet offers rapid block times and smart contract-based trading features.
Lighter's new EVM devnet offers rapid block times and smart contract-based trading features. Lighter (LIT) is trading at ₹302 ($3.18), up 1.0% since this brief published. This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Fri, 16 Oct 2026 22:00:01 UTC.
The launch highlights Lighter's focus on high-speed transaction processing and smart contract capabilities, potentially attracting developers seeking efficiency in decentralized trading systems.
- Lighter's devnet features one-second block times for faster transactions.
- Smart contracts can now manage trading orders on the network.
- Network's TVL stands at $111.73M, showing a 0.7% weekly increase.
Lighter has introduced a new 
Ethereum Virtual Machine (EVM) development network featuring one-second block times, aiming to enhance the efficiency of decentralized trading systems. This innovation allows smart contracts to manage trading orders, potentially opening new avenues for developers in the decentralized finance (DeFi) space.
The network's developer documentation outlines several limitations in its current test environment, including mocked proofs and an unfinished asset-recovery mechanism. These details suggest that while the network is operational, it is still in an early development phase with room for further refinement.
According to Crypto.news, the network was developed in collaboration with Axiom, indicating a strategic partnership focused on leveraging EVM compatibility for faster and more efficient transaction processing.
Lighter's Total Value Locked (TVL) currently stands at $111.73 million, reflecting a 0.7% increase over the past week, as reported by DeFiLlama. This growth underscores the network's potential to attract liquidity and users despite being in its early stages.
In the broader market context, the total crypto market cap is at $2.8 trillion, with 
Bitcoin experiencing a slight 0.60% decline over the past 24 hours. The Fear & Greed Index remains in 'Greed' territory at 63, suggesting a cautiously optimistic sentiment. Lighter's native token (LIT) is trading at $3.15, up 2.80% in the last 24 hours but down 10.86% over the past week, with a market cap of $788.76 million.
Since this brief published about 1 hour ago, Lighter (LIT) has moved from ₹299.57$3.15 to ₹302.42$3.18 — +0.95%.
The chart plots LIT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 LIT ≈ ₹328.34 (about $3.18), up 3.7% over 24 hours. The rupee itself trades about 8.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Lighter Launches EVM Devnet with One-Second Blocks for Smart — questions & answers
What are the key features of Lighter's new EVM devnet?
The devnet offers one-second block times and allows smart contracts to manage trading orders.
What limitations does the network currently have?
The network's developer documentation lists mocked proofs and an unfinished asset-recovery mechanism as limitations.
How has Lighter's TVL changed recently?
Lighter's TVL is $111.73M, showing a 0.7% increase over the past week.
How much is 1 Lighter worth in rupee today?
About ₹328.34 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $3.18. The rupee price moves with both LIT's US-dollar price and the USDT/INR rate; use our Lighter in rupee page for any amount.
Has Lighter's price moved since this brief was published?
LIT is up 0.95% since this brief first published — trading at ₹302 ($3.18) now versus ₹300 ($3.15) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.