Ask about Lighter
Logo of LighterLighter(LIT)
Total Value Locked$533.3m

TVL by Chain

Ethereum$510.81m

Robinhood Chain$22.49m

Arbitrum$2,096

Key Metrics

Fees (Annualized)$87.08m
Fees 30d$2.41m

zkLighter$2.4m

Robinhood Chain$10,277

Fees 7d$384,620

zkLighter$382,245

Robinhood Chain$2,375

Fees 24h$53,656

zkLighter$53,323

Robinhood Chain$333

Cumulative Fees$72.28m

zkLighter$72.27m

Robinhood Chain$10,277

Revenue (Annualized)$67.13m
Revenue 30d$1.9m

zkLighter$1.89m

Robinhood Chain$9,494

Revenue 7d$322,005

zkLighter$319,696

Robinhood Chain$2,309

Revenue 24h$49,416

zkLighter$49,096

Robinhood Chain$320

Cumulative Revenue$55.72m

zkLighter$55.71m

Robinhood Chain$9,494

Holders Revenue (Annualized)$40.53m
Holders Revenue 30d$1.82m

zkLighter$1.82m

Robinhood Chain$0

Holders Revenue 7d$307,761

zkLighter$307,761

Robinhood Chain$0

Holders Revenue 24h$34,877

zkLighter$34,877

Robinhood Chain$0

Cumulative Holders Revenue$24.21m

zkLighter$24.21m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$67.13m

$1.9m

$322,005

$49,416

$55.72m

DEX Volume 30d$135.59m
DEX Volume 30d by chain

zkLighter$134.83m

Robinhood Chain$768,054

DEX Volume 7d$30.57m

zkLighter$30.04m

Robinhood Chain$524,542

DEX Volume 24h$3.98m

zkLighter$3.63m

Robinhood Chain$359,188

Cumulative DEX Volume$11.276b

zkLighter$6.914b

Arbitrum$4.361b

Robinhood Chain$805,550

Perp Volume 30d$33.036b
Perp Volume 30d by chain

zkLighter$32.937b

Robinhood Chain$98.2m

Perp Volume 7d$6.45b

zkLighter$6.43b

Robinhood Chain$20.7m

Perp Volume 24h$1.071b

zkLighter$1.067b

Robinhood Chain$3.42m

Cumulative Perp Volume$1.743t

zkLighter$1.743t

Robinhood Chain$121.26m

$875.98m

Market Cap$615.68m

$LIT Price$2.46

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.463b

$1.845b

$LIT Volume 24h$35.1m

CEX Volume$23.78m

DEX Volume$11.63m(33.14% of total)

Total Raised$68m

Nov 11, 2025$68mRound: Investors: Founders Fund, Ribbit Capital, Haun Ventures, Robin Hood Ventures

Protocol Information

Lighter is a decentralized trading platform that is designed to deliver unmatched security and scale. Lighter provides verifiable matching and liquidations, while operating at the best-in-class traditional exchange level performances.

Category:Bridge

WebsiteTwitter

User Activity

Active Addresses (24h)10,852

New Addresses (24h)426

Transactions (24h)1.5m

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Lighter Perps - Maker and taker fees paid by traders on the Lighter DEXView code on GitHubLighter Spot - Maker and taker fees paid by traders on the Lighter DEXView code on GitHubLighter Robinhood Perps - All fees paid by traders on the Lighter Robinhood perpetuals deployment: maker, taker, transfer, withdrawal and liquidation fees. Scoped to perp markets (spot is tracked separately as lighter-spot).View code on GitHub

Revenue:

Lighter Perps - Protocol revenue from maker fees, taker fees, transfer fees, and withdraw fees. Liquidation fees are excluded as they go directly to LLP.View code on GitHubLighter Spot - Protocol revenue from maker fees, taker fees, transfer fees, and withdraw fees.View code on GitHubLighter Robinhood Perps - Protocol revenue from maker, taker, transfer and withdrawal fees. Liquidation fees are excluded — they go to the LLP (see SupplySideRevenue).View code on GitHub

Holders Revenue:

Lighter Perps - LIT token buybacks from treasury. The protocol uses fees to buy back LIT tokens from the market.View code on GitHubLighter Spot - Money going to governance token holdersView code on GitHubLighter Robinhood Perps - Fees going to governance token holdersView code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Competitors

LayerZero V2 ($6.573b)CCIP ($1.811b)Portal ($1.398b)Aster Bridge ($465.59m)SolvBTC ($414.92m)Hyperliquid Bridge ($5.906b)USDT0 ($3.216b)Unit ($543.91m)Merlins Seal ($347.06m)Axelar ($131.49m)

Frequently Asked Questions

What is Lighter?

Lighter is a decentralized trading platform that is designed to deliver unmatched security and scale. Lighter provides verifiable matching and liquidations, while operating at the best-in-class traditional exchange level performances.

What is Lighter's TVL?

Lighter currently has $533.3m in total value locked. TVL has increased 1.8% over the past 30 days.

What chains does Lighter operate on?

Lighter operates on 4 chains: Arbitrum, Ethereum, Robinhood Chain, and zkLighter. Ethereum holds the largest share at 95.8%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $2.41m in fees. Of that, $1.9m was protocol revenue. Based on the trailing year, the annualized rate is $87.08m in fees and $67.13m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.46. Its circulating market capitalization is $615.68m, ranking it #118. Its fully diluted valuation is $2.463b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is up 22% over the past 7 days and down 8.5% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 68.7% below that level.

Which protocols are included in Lighter?

Lighter is a parent protocol whose tracked products include Lighter Bridge, Lighter Robinhood Perps, Lighter Perps, and Lighter Spot.

How much trading volume does Lighter process?

Lighter processed $135.59m in DEX volume over the past 30 days.