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Logo of LighterLighter(LIT)
Total Value Locked$500.46m

TVL by Chain

Ethereum$500.46m

Arbitrum$2,095

Key Metrics

Fees (Annualized)$101m
Fees 30d$3.82m

zkLighter$3.82m

Fees 7d$1.38m

zkLighter$1.38m

Fees 24h$130,591

zkLighter$130,591

Cumulative Fees$66.96m

zkLighter$66.96m

Revenue (Annualized)$77.74m
Revenue 30d$2.8m

zkLighter$2.8m

Revenue 7d$980,301

zkLighter$980,301

Revenue 24h$105,293

zkLighter$105,293

Cumulative Revenue$51.54m

zkLighter$51.54m

Holders Revenue (Annualized)$30.42m
Holders Revenue 30d$2.73m

zkLighter$2.73m

Holders Revenue 7d$982,326

zkLighter$982,326

Holders Revenue 24h$112,948

zkLighter$112,948

Cumulative Holders Revenue$20.17m

zkLighter$20.17m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$77.74m

Earnings 30d$2.8m

Earnings 7d$980,301

Earnings 24h$105,293

Cumulative Earnings$51.54m

DEX Volume 30d$212.22m
DEX Volume 30d by chain

zkLighter$212.22m

DEX Volume 7d$58.64m

zkLighter$58.64m

DEX Volume 24h$5.53m

zkLighter$5.53m

Cumulative DEX Volume$10.909b

zkLighter$6.548b

Arbitrum$4.361b

Perp Volume 30d$45.412b
Perp Volume 30d by chain

zkLighter$45.412b

Perp Volume 7d$13.581b

zkLighter$13.581b

Perp Volume 24h$1.648b

zkLighter$1.648b

Cumulative Perp Volume$1.67t

zkLighter$1.67t

Open Interest$664.27m

Market Cap$383.07m

$LIT Price$1.54

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$1.532b

Outstanding FDV$1.155b

$LIT Volume 24h$46.13m

CEX Volume$31.8m

DEX Volume$13.78m(29.88% 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.

CategoryBridge
WebsiteTwitter

Methodology

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

Fees: Maker and taker fees paid by traders on the Lighter DEXView 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 GitHub
Holders Revenue: LIT token buybacks from treasury. The protocol uses fees to buy back LIT tokens from the market.View 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

User Activity

Active Addresses (24h)11,009

New Addresses (24h)866

Transactions (24h)2.08m