Lit Protocol's native token LITKEY has recently attracted considerable attention. The core positioning of this project is decentralized key management infrastructure, achieved through two main technical solutions: MPC and TEE, enabling secure custody of private keys and programmable signing/encryption capabilities. The token's primary uses include network service fee settlement, node incentive distribution, and on-chain governance voting.

From a fundamental perspective, LITKEY's current circulating supply is approximately 220 million tokens, with a total supply set at 1 billion tokens, indicating that the token release is still in the mid-term stage.

The latest price hovers around 3.461 USDT, representing a 1.82% increase compared to the previous cycle. The candlestick pattern shows typical characteristics of a rapid surge followed by a slight pullback—price once touched a high of 3.472 before slightly retreating. From a technical indicator standpoint, the Bollinger Bands are near the upper band, indicating a short-term bullish trend. More importantly, trading volume has significantly increased with the price rise, which usually suggests growing market participation and active buying interest.

The order book shows that the depth difference between the best bid and ask is not large, with both bulls and bears in a relatively balanced game, indicating market sentiment is neither overly optimistic nor pessimistic. If the price can hold above the $3.50 level and further break through $4, the expectation of a move towards $4 will gradually strengthen. This current level may be worth continuous observation.