Ask about Lighter · freeTotal Value Locked$820.56m
TVL by Chain
Ethereum$601.12m
Robinhood Chain$117.16m
zkLighter$102.27m
Arbitrum$2,098
Key Metrics
Fees 30d$5.88m
Fees 30d by chain
zkLighter$3.65m
Robinhood Chain$2.24m
Fees 7d$1.4m
zkLighter$900,327
Robinhood Chain$503,471
Fees 24h$173,477
zkLighter$105,047
Robinhood Chain$68,430
Cumulative Fees$86.49m
zkLighter$81.99m
Robinhood Chain$4.51m
Revenue 30d$4.93m
Revenue 30d by chain
zkLighter$2.84m
Robinhood Chain$2.08m
Revenue 7d$1.19m
zkLighter$701,564
Robinhood Chain$488,503
Revenue 24h$168,652
zkLighter$102,157
Robinhood Chain$66,495
Cumulative Revenue$67.21m
zkLighter$63.19m
Robinhood Chain$4.02m
Holders Revenue 30d$2.78m
Holders Revenue 30d by chain
zkLighter$2.78m
Robinhood Chain$0
Holders Revenue 7d$737,121
zkLighter$737,121
Robinhood Chain$0
Holders Revenue 24h$100,187
zkLighter$100,187
Robinhood Chain$0
Cumulative Holders Revenue$31.51m
zkLighter$31.51m
Robinhood Chain$0
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$62.7m
Earnings 30d$4.93m
Earnings 7d$1.19m
Earnings 24h$168,652
Cumulative Earnings$67.21m
DEX Volume 30d$379.27m
DEX Volume 30d by chain
zkLighter$242.71m
Robinhood Chain$136.55m
DEX Volume 7d$56.1m
zkLighter$52.58m
Robinhood Chain$3.52m
DEX Volume 24h$6.25m
zkLighter$5.91m
Robinhood Chain$336,144
Cumulative DEX Volume$12.487b
zkLighter$7.609b
Arbitrum$4.361b
Robinhood Chain$516.91m
Perp Volume 30d$67.43b
Perp Volume 30d by chain
zkLighter$49.581b
Robinhood Chain$17.849b
Perp Volume 7d$17.369b
zkLighter$12.744b
Robinhood Chain$4.625b
Perp Volume 24h$2.688b
zkLighter$2.026b
Robinhood Chain$661.58m
Cumulative Perp Volume$1.892t
zkLighter$1.859t
Robinhood Chain$33.066b
Bridge Volume 30d$648.58m
Bridge Volume 30d by chain
zkLighter$363.38m
Ethereum$285.2m
Bridge Volume 7d$183.75m
zkLighter$101.23m
Ethereum$82.52m
Bridge Volume 24h$41.37m
zkLighter$24.13m
Ethereum$17.24m
Open Interest$758.14m
Market Cap$771.25m
$LIT Price$3.08
Fully Diluted Valuation$3.029b
Outstanding FDV$2.31b
$LIT Volume 24h$68.47m
CEX Volume$46.53m
DEX Volume$23.73m(34.65% 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.
- Lighter BridgeBridge
- Lighter Robinhood PerpsDerivatives
- Lighter LLPDerivatives
- Lighter PerpsDerivatives
- Lighter SpotDexs
User Activity
Active Addresses (24h)21,853
New Addresses (24h)2,048
Transactions (24h)2.26m
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Bridge Volume: Value of assets sent through the bridge, counted once on the chain they leave from
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
Lighter history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 2, 2023 to Oct 27, 2026.
All-time high TVL: $1.46b on Dec 18, 2025. All-time low TVL: $65 on Apr 9, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $764.27m |
| Sep 29, 2026 | $755.16m |
| Sep 30, 2026 | $763.03m |
| Oct 1, 2026 | $777.68m |
| Oct 2, 2026 | $771.6m |
| Oct 3, 2026 | $771.67m |
| Oct 4, 2026 | $767.45m |
| Oct 5, 2026 | $767.67m |
| Oct 6, 2026 | $767.58m |
| Oct 7, 2026 | $761.46m |
| Oct 8, 2026 | $763.39m |
| Oct 9, 2026 | $754.25m |
| Oct 10, 2026 | $747.38m |
| Oct 11, 2026 | $751m |
| Oct 12, 2026 | $753.43m |
| Oct 13, 2026 | $752.13m |
| Oct 14, 2026 | $748.82m |
| Oct 15, 2026 | $746.04m |
| Oct 16, 2026 | $738.18m |
| Oct 17, 2026 | $740.88m |
| Oct 18, 2026 | $723.82m |
| Oct 19, 2026 | $725.29m |
| Oct 20, 2026 | $728.46m |
| Oct 21, 2026 | $817.5m |
| Oct 22, 2026 | $823.23m |
| Oct 23, 2026 | $817.43m |
| Oct 24, 2026 | $817.04m |
| Oct 25, 2026 | $814.19m |
| Oct 26, 2026 | $818.42m |
| Oct 27, 2026 | $828.43m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $79 |
| Dec 31, 2024 | $78 |
| Jan 31, 2025 | $77 |
| Feb 28, 2025 | $72 |
| Mar 31, 2025 | $67 |
| Apr 30, 2025 | $74.62m |
| May 31, 2025 | $105.31m |
| Jun 30, 2025 | $177.45m |
| Jul 31, 2025 | $193.25m |
| Aug 31, 2025 | $339.46m |
| Sep 30, 2025 | $720.2m |
| Oct 31, 2025 | $1.152b |
| Nov 30, 2025 | $1.228b |
| Dec 31, 2025 | $1.45b |
| Jan 31, 2026 | $967.55m |
| Feb 28, 2026 | $870.76m |
| Mar 31, 2026 | $520.59m |
| Apr 30, 2026 | $481.3m |
| May 31, 2026 | $515.71m |
| Jun 30, 2026 | $509.55m |
| Jul 31, 2026 | $514.33m |
| Aug 31, 2026 | $638.75m |
| Sep 30, 2026 | $763.03m |
| Oct 27, 2026 (latest) | $828.43m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $72 |
| Dec 31, 2024 | $78 |
| Dec 31, 2025 | $1.45b |
Fees, revenue and holders revenue by UTC calendar month, Oct 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Oct 2025 | $9.56m | $6.8m | $0 |
| Nov 2025 | $18.09m | $14.32m | $0 |
| Dec 2025 | $12.04m | $10.06m | $0 |
| Jan 2026 | $9m | $6.36m | $6.71m |
| Feb 2026 | $6.84m | $5.14m | $4.79m |
| Mar 2026 | $3.83m | $3.16m | $3.08m |
| Apr 2026 | $2.81m | $2.18m | $2.14m |
| May 2026 | $2.85m | $2.16m | $2.1m |
| Jun 2026 | $3.9m | $2.9m | $2.82m |
| Jul 2026 | $2.83m | $2.21m | $2.11m |
| Aug 2026 | $4.33m | $3.18m | $2.64m |
| Sep 2026 | $5.29m | $4.46m | $2.66m |
| Oct 2026 (to date) | $5.12m | $4.29m | $2.44m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/lighter
Frequently asked questions
What is Lighter's TVL?
As of Oct 27, 2026, Lighter has $820.56m in total value locked. TVL has increased 8.1% 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 73.3%.
How much has Lighter generated in fees and revenue?
Over the past 30 days, Lighter generated $5.88m in fees. Of that, $4.93m was protocol revenue. Based on the trailing year, the annualized rate is $80m in fees and $62.7m in revenue.
What is the LIT token price and valuation?
LIT is currently trading at $3.09. Its circulating market capitalization is $772.16m, ranking it #115. Its fully diluted valuation is $3.033b. Supply currently stands at 250m circulating, 981.91m total supply, 1b maximum supply.
How has LIT performed recently?
LIT is down 2.7% over the past 7 days and down 34.1% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 60.7% below that level.
Which protocols are included in Lighter?
Lighter is a parent protocol whose tracked products include Lighter Bridge, Lighter Robinhood Perps, Lighter LLP, Lighter Perps, and Lighter Spot.
How much trading volume does Lighter process?
Lighter processed $379.27m in DEX volume over the past 30 days.