Narrative
Hook: A significant liquidity drain has hit Lighter, with TVL plunging. What happened: The total value locked in Lighter dropped from $483K to $123K in just 24 hours, a 75% decline. Why it matters: Such a sharp decline signals potential slippage risks and may indicate a broader exit trend among liquidity providers. Receipts: TVL fell by $360K in 24 hours, marking a severe liquidity drain with a 75% drop. How to verify: Check the current TVL on-chain; monitor liquidity provider activity; observe trading volume fluctuations.