Litentry

LIT Price

About Litentry (LIT)

Litentry is a privacy-preserving decentralized identity aggregation oracle that enables users to manage and verify their digital identities across multiple blockchain networks.

• The platform utilizes Trusted Execution Environments (TEE) and verifiable credentials to ensure secure and private identity data management.
• Its flagship product, IdentityHub, provides a self-sovereign interface for users to bridge identity data between Web2 and Web3 environments.
• The project recently rebranded to Heima (HEI), expanding its mission to include chain abstraction for cross-chain exchanges and wallets.

What Is Litentry

Litentry functions as a decentralized infrastructure for identity aggregation, allowing users to link their various on-chain and off-chain identities into a unified profile. It addresses the fragmentation of digital identity by providing a layer that can query and verify data across different ecosystems, including Polkadot and EVM-compatible platforms. Value moves through the system by enabling projects to request identity-related scores or credentials without accessing the raw underlying data.

The token is put to work through staking mechanisms and as a means to pay for protocol service fees within the ecosystem. As the network grows, these mechanisms are designed to scale by facilitating more complex identity computations and cross-chain interactions. The recent shift toward the Heima brand emphasizes chain abstraction, aiming to reduce the technical complexity users face when interacting with multiple blockchains.

What Makes Litentry Unique

• Privacy-First Aggregation: Uses Trusted Execution Environments (TEE) to perform identity calculations in a secure enclave, ensuring that even the nodes processing the data cannot see the private inputs.
• Multi-Chain Interoperability: Built on the Substrate framework, it is natively designed to connect with the Polkadot ecosystem while maintaining compatibility with Ethereum and other networks.
• Self-Sovereign Identity: Focuses on a user-centric approach where individuals retain full ownership and control over which data points are shared with third-party applications.
• IdentityHub Integration: Offers a dedicated platform for managing decentralized identities, enabling seamless authentication for decentralized applications (dApps).

What Can You Use Litentry for?

• Identity Verification: Users can generate verifiable credentials to prove specific attributes (such as age or membership) without revealing their entire identity.
• Cross-Chain Governance: Enables protocols to verify user activity across different chains to prevent sybil attacks or to weight voting power based on total ecosystem participation.
• Privacy-Preserving Credit Scoring: Allows DeFi platforms to calculate creditworthiness by aggregating data from multiple wallets while maintaining user privacy through cryptographic proofs.
• Staking and Utility: Token holders can participate in the network's security and utility through dedicated staking mechanisms defined by the protocol.

How Does Litentry Work?

Litentry operates by aggregating identity data from various sources and processing it through a decentralized oracle network. It leverages the Substrate framework, a modular blockchain building tool, to maintain its core logic and interoperability. When an identity request is made, the network uses Trusted Execution Environments—specialized hardware areas that protect the data being processed—to compute a result or score. This ensures that the user's sensitive information is never exposed to the public blockchain.

Because Litentry functions as an infrastructure layer rather than a primary network, the LIT token (and its successor HEI) is used to pay protocol service fees for these identity computations. These fees compensate the nodes that provide the computational resources and secure environments required to maintain the privacy-preserving features of the network.

Team Info and Investors

Litentry was founded with a focus on decentralized identity and was originally part of the Polkadot ecosystem. The project is supported by the Litentry Foundation, which maintains offices in Singapore and Panama. While the project has transitioned its focus toward chain abstraction under the Heima brand, it continues to operate through decentralized governance, as evidenced by the community approval of the rebranding via Referendum #38. The source material does not specify individual founder names or a list of private investors.

Where can you buy Litentry?

LIT tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Litentry is Kraken, where the most active trading pair LIT/USD has a trading volume of $170,883.65 in the last 24 hours. Other popular options include PancakeSwap (v2) and Uniswap V2 (Ethereum).

What is the daily trading volume of Litentry (LIT)?

The trading volume of Litentry (LIT) is $187,475.43 in the last 24 hours, representing a 181.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Litentry (LIT)?

Litentry (LIT) reached an all-time high of $13.31 and an all-time low of $0.05560. It’s now trading -99.10% below that peak and 109.00% above its lowest price.

What is the market cap of Litentry (LIT)?

Market capitalization of Litentry (LIT) is $5,168,007 and is ranked #1502 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of LIT tokens (45 Million tokens are tradable on the market today).

What is the fully diluted valuation of Litentry (LIT)?

The fully diluted valuation (FDV) of Litentry (LIT) is $11,442,116. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Million LIT tokens are in circulation today. Depending on how the emission schedule of LIT tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Litentry compare against its peers?

With a price increase of 58.20% in the last 7 days, Litentry (LIT) is outperforming the global cryptocurrency market which is down -6.90%, while outperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Litentry (LIT) to MetaMask?

Adding Litentry (LIT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import LIT as a token. You can copy LIT’s contract address (0xb59490ab09a0f526cc7305822ac65f2ab12f9723) and import it manually, or if you've installed MetaMask's chrome extension, add LIT to MetaMask with one click on CoinGecko.

Add LIT to MetaMask.