The LIT token from Lighter is now active, but its withdrawal infrastructure is experiencing outages.

Source: Yellow Original Title: The LIT token from Lighter is now active, but its withdrawal infrastructure is not

Original Link: https://yellow.com/es/news/el-token-lit-de-lighter-ya-está-active-but-its-withdrawal-infrastructure-is-not Users of the perpetual trading platform Lighter are currently experiencing disruptions when attempting to withdraw funds, with withdrawals failing and returning an error message that says “Too many L2 Withdrawals,” according to user reports and onchain data.

The issue appears to be related to a delay in processing between Lighter’s Prover and its Sequencer, resulting in a delayed completion of withdrawal transactions.

What happened

According to the latest available data, the most recent confirmed block was finalized approximately four hours ago, indicating that the system has fallen behind in processing state transitions.

Blockchain explorer data shows that, while blocks continue to be mined, withdrawal activity is not progressing normally. In one of the latest visible blocks, only a single transaction and a single withdrawal record were recorded, highlighting a slowdown in withdrawal performance.

Users attempting to withdraw funds have reported that they cannot do so through the usual channels, raising concerns about access to funds during the delay.

The error message suggests that the Layer 2 withdrawal queue might be saturated or unable to keep up with user requests due to the prover’s delay.

Why it matters

At the time of publication, the Lighter team has not issued an official statement or public response addressing the withdrawal issue, its cause, or an estimated timeline for resolution. There has also been no communication clarifying whether withdrawals are being queued, retried, or temporarily halted at the protocol level.

Disruptions in withdrawals on Layer 2 platforms often attract increased scrutiny from users due to reliance on sequencers and provers to finalize exits back to Layer 1. In this case, the lack of public communication has left users dependent on onchain data and error messages to assess the status of their funds.

The disruptions occur while Lighter launched its native token $LIT early Tuesday morning. The LIT token is trading at $2.80 at the time of writing, according to CoinGecko data, below its pre-market price of around $3.25.

The token launch included a 25% airdrop for early participants, and the total supply is split equally between ecosystem growth (50%) and the team/investors (50%).