Ask about Lighter
Logo of LighterLighter(LIT)
Total Value Locked$522.18m

TVL by Chain

Ethereum$501.19m

Robinhood Chain$20.99m

Arbitrum$2,096

Key Metrics

Fees (Annualized)$90.7m
Fees 30d$2.69m

zkLighter$2.69m

Robinhood Chain$707

Fees 7d$485,855

zkLighter$485,148

Robinhood Chain$707

Fees 24h$76,606

zkLighter$76,316

Robinhood Chain$290

Cumulative Fees$70.82m

zkLighter$70.82m

Robinhood Chain$707

Revenue (Annualized)$69.9m
Revenue 30d$2.09m

zkLighter$2.09m

Robinhood Chain$585

Revenue 7d$388,230

zkLighter$387,645

Robinhood Chain$585

Revenue 24h$59,023

zkLighter$58,765

Robinhood Chain$258

Cumulative Revenue$54.58m

zkLighter$54.58m

Robinhood Chain$585

Holders Revenue (Annualized)$42.17m
Holders Revenue 30d$2.01m

zkLighter$2.01m

Robinhood Chain$0

Holders Revenue 7d$371,541

zkLighter$371,541

Robinhood Chain$0

Holders Revenue 24h$58,661

zkLighter$58,661

Robinhood Chain$0

Cumulative Holders Revenue$23.11m

zkLighter$23.11m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$69.9m

$2.09m

$388,230

$59,023

$54.58m

DEX Volume 30d$227.88m
DEX Volume 30d by chain

zkLighter$227.77m

Robinhood Chain$113,463

DEX Volume 7d$29.03m

zkLighter$28.99m

Robinhood Chain$40,583

DEX Volume 24h$4.74m

zkLighter$4.73m

Robinhood Chain$8,865

Cumulative DEX Volume$11.206b

zkLighter$6.845b

Arbitrum$4.361b

Robinhood Chain$113,463

Perp Volume 30d$36.772b
Perp Volume 30d by chain

zkLighter$36.718b

Robinhood Chain$53.77m

Perp Volume 7d$7.892b

zkLighter$7.874b

Robinhood Chain$17.78m

Perp Volume 24h$1.191b

zkLighter$1.188b

Robinhood Chain$3.27m

Cumulative Perp Volume$1.723t

zkLighter$1.723t

Robinhood Chain$53.77m

$858.27m

Market Cap$519.58m

$LIT Price$2.08

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.078b

$1.56b

$LIT Volume 24h$24.96m

CEX Volume$18.15m

DEX Volume$9.86m(39.5% 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)10,695

New Addresses (24h)522

Transactions (24h)1.44m

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

Lighter Bridge ($511.57m)LayerZero V2 ($6.714b)CCIP ($1.601b)Portal ($1.555b)Aster Bridge ($456.07m)Hyperliquid Bridge ($5.964b)USDT0 ($3.399b)Unit ($517.13m)SolvBTC ($413.34m)Merlins Seal ($378.7m)

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 $522.18m in total value locked. TVL has increased 3.1% 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 96%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $2.69m in fees. Of that, $2.09m was protocol revenue. Based on the trailing year, the annualized rate is $90.7m in fees and $69.9m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.08. Its circulating market capitalization is $519.58m, ranking it #132. Its fully diluted valuation is $2.078b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is down 5.4% over the past 7 days and up 36.1% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 73.5% 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 $227.88m in DEX volume over the past 30 days.