DeFiant reported that Lit (LIT), a decentralized perpetual futures exchange (Perp DEX), has formed a strategic partnership with Circle (CRCL) and adopted USDC as its primary stablecoin on the platform. Lit recorded $8.7 billion in trading volume over the past 7 days, ranking 4th in the Perp DEX industry, following Hyperliquid (HYPE), Aster (ASTER), and EdgeX (EDGE).