Lighter Launches EVM Devnet with One-Second Blocks for Smart Contract Trading
Lighter's new EVM devnet offers one-second block times and smart contract-based trading capabilities.
Lighter's new EVM devnet offers one-second block times and smart contract-based trading capabilities. Lighter (LIT) is trading at $3.18, up 1.0% since this brief published. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Fri, 16 Oct 2026 22:00:04 UTC.
This development could enhance the efficiency of decentralized trading by enabling faster transaction processing and smart contract-managed order execution, potentially attracting more developers to the platform.
- Lighter launched an EVM devnet with one-second block times.
- Smart contracts can now manage trading orders on the network.
- Lighter TVL at $111.86M, up 0.9% over the past week.
- LIT token price up 2.80% in the last 24 hours.
Lighter has introduced a new 
Ethereum Virtual Machine (EVM) development network that boasts one-second block times, a significant improvement over traditional blockchain networks.
This innovation allows smart contracts to manage trading orders, potentially increasing the efficiency and speed of decentralized trading. The network is designed to support complex trading operations through its smart contract capabilities.
According to Crypto.news, the developer documentation for the network highlights some limitations, including mocked proofs and an incomplete asset-recovery mechanism, indicating that the network is still in a developmental stage.
The Lighter network's Total Value Locked (TVL) stands at $111.86 million, showing a modest increase of 0.9% over the past week, as reported by DeFiLlama. The Lighter (LIT) token has also seen a 2.80% increase in price over the last 24 hours, despite a 7-day decline of 10.86%.
The broader crypto market remains relatively flat, with a total market cap of $2.8 trillion. 
Bitcoin has experienced a slight 0.60% decrease in the past 24 hours, while the Fear & Greed Index currently sits at 63, indicating a 'Greed' sentiment.
Since this brief published about 1 hour ago, Lighter (LIT) has moved from $3.15 to $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 TLT'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 ≈ ₦4,337.07 (about $3.18), up 3.7% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian 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.
TLT 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 features one-second block times and allows smart contracts to manage trading orders, though it includes mocked proofs and an unfinished asset-recovery mechanism.
How has the Lighter (LIT) token performed recently?
The LIT token has increased by 2.80% in the last 24 hours but is down 10.86% over the past week.
What is the current Total Value Locked (TVL) in the Lighter network?
The Lighter network's TVL is $111.86 million, up 0.9% over the past week.
How much is 1 Lighter worth in naira today?
About ₦4,337.07 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $3.18. The naira price moves with both LIT's US-dollar price and the USDT/NGN rate; use our Lighter in naira 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 $3.18 now versus $3.15 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT 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 TLT 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.