Logo of LighterLighter(LIT)
Total Value Locked$641.05m

TVL by Chain

Ethereum$593.13m

Robinhood Chain$47.91m

Arbitrum$2,099

Key Metrics

Fees (Annualized)$85.76m
Fees 30d$4.15m

zkLighter$3.49m

Robinhood Chain$659,244

Fees 7d$1.41m

zkLighter$1.14m

Robinhood Chain$266,926

Fees 24h$169,264

zkLighter$140,966

Robinhood Chain$28,298

Cumulative Fees$75.9m

zkLighter$75.23m

Robinhood Chain$665,531

Revenue (Annualized)$65.85m
Revenue 30d$3m

zkLighter$2.54m

Robinhood Chain$461,056

Revenue 7d$1.26m

zkLighter$1.05m

Robinhood Chain$209,849

Revenue 24h$153,907

zkLighter$130,803

Robinhood Chain$23,104

Cumulative Revenue$58.27m

zkLighter$57.81m

Robinhood Chain$466,661

Holders Revenue (Annualized)$40.23m
Holders Revenue 30d$2.46m

zkLighter$2.46m

Robinhood Chain$0

Holders Revenue 7d$1.01m

zkLighter$1.01m

Robinhood Chain$0

Holders Revenue 24h$172,017

zkLighter$172,017

Robinhood Chain$0

Cumulative Holders Revenue$26.23m

zkLighter$26.23m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$65.85m

$3m

$1.26m

$153,907

$58.27m

DEX Volume 30d$207.69m
DEX Volume 30d by chain

zkLighter$191.02m

Robinhood Chain$16.67m

DEX Volume 7d$78.5m

zkLighter$65.06m

Robinhood Chain$13.44m

DEX Volume 24h$7.88m

zkLighter$7.27m

Robinhood Chain$608,758

Cumulative DEX Volume$11.446b

zkLighter$7.068b

Arbitrum$4.361b

Robinhood Chain$16.86m

Perp Volume 30d$42.18b
Perp Volume 30d by chain

zkLighter$37.654b

Robinhood Chain$4.526b

Perp Volume 7d$13.276b

zkLighter$11.589b

Robinhood Chain$1.687b

Perp Volume 24h$1.532b

zkLighter$1.315b

Robinhood Chain$216.41m

Cumulative Perp Volume$1.776t

zkLighter$1.771t

Robinhood Chain$4.613b

$1.231b

Market Cap$898.48m

$LIT Price$3.59

All Time High$7.86

All Time Low$0.78

View $LIT token page

$3.594b

$2.693b

$LIT Volume 24h$66.9m

CEX Volume$49.2m

DEX Volume$21.84m(32.64% 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.

WebsiteTwitter
Categories:BridgeDerivativesDexs
Products:

User Activity

Active Addresses (24h)10,827

New Addresses (24h)489

Transactions (24h)1.66m

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

Frequently Asked Questions

What is Lighter's TVL?

Lighter currently has $641.05m in total value locked. TVL has increased 25.1% over the past 30 days.

What chains does Lighter operate on?

Lighter operates on 4 chains: Arbitrum, Ethereum, zkLighter, and Robinhood Chain. Ethereum holds the largest share at 92.5%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $4.15m in fees. Of that, $3m was protocol revenue. Based on the trailing year, the annualized rate is $85.76m in fees and $65.85m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $3.59. Its circulating market capitalization is $898m, ranking it #101. Its fully diluted valuation is $3.592b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is up 2.5% over the past 7 days and up 75.5% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 54.3% 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 $207.69m in DEX volume over the past 30 days.