Based on on-chain data, Lighter is using protocol fees to buy back its own token LIT. According to the public information of its treasury account, approximately 180,493 LIT have been accumulated, repurchased, and locked. Based on the current market price, this holding is valued at around $540,000. This method of using protocol fees to reinforce token value is becoming increasingly common in cryptocurrency projects — it can both increase token scarcity and visually demonstrate the project's confidence in long-term development. From the transparency of the treasury account, Lighter's fund management appears to be quite well-organized.