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Logo of LighterLighter(LIT)
Total Value Locked$498.19m

TVL by Chain

Ethereum$498.19m

Arbitrum$2,097

Key Metrics

Fees (Annualized)$33.23m
Fees 30d$2.72m

zkLighter$2.72m

Fees 7d$644,701

zkLighter$644,701

Fees 24h$114,584

zkLighter$114,584

Cumulative Fees$64.09m

zkLighter$64.09m

Revenue (Annualized)$25.75m
Revenue 30d$2.11m

zkLighter$2.11m

Revenue 7d$480,754

zkLighter$480,754

Revenue 24h$78,497

zkLighter$78,497

Cumulative Revenue$49.45m

zkLighter$49.45m

Holders Revenue (Annualized)$25.58m
Holders Revenue 30d$2.1m

zkLighter$2.1m

Holders Revenue 7d$515,426

zkLighter$515,426

Holders Revenue 24h$72,554

zkLighter$72,554

Cumulative Holders Revenue$18.13m

zkLighter$18.13m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$25.75m

Earnings 30d$2.11m

Earnings 7d$480,754

Earnings 24h$78,497

Cumulative Earnings$49.45m

DEX Volume 30d$113.34m
DEX Volume 30d by chain

zkLighter$113.34m

DEX Volume 7d$36.37m

zkLighter$36.37m

DEX Volume 24h$11.65m

zkLighter$11.65m

Cumulative DEX Volume$10.74b

zkLighter$6.378b

Arbitrum$4.361b

Perp Volume 30d$38.892b
Perp Volume 30d by chain

zkLighter$38.892b

Perp Volume 7d$9.052b

zkLighter$9.052b

Perp Volume 24h$1.403b

zkLighter$1.403b

Cumulative Perp Volume$1.638t

zkLighter$1.638t

Open Interest$790.96m

Market Cap$324.96m

$LIT Price$1.29

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$1.3b

Outstanding FDV$967.5m

$LIT Volume 24h$69.1m

CEX Volume$38.83m

DEX Volume$25.58m(37.02% 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