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Lighter(LIT)

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Total Value Locked$784m

TVL by Chain

Ethereum$573.08m

Robinhood Chain$114.34m

zkLighter$96.57m

Arbitrum$2,098

Key Metrics

Fees 30d$6.25m
Fees 30d by chain

zkLighter$4.01m

Robinhood Chain$2.24m

Fees 7d$1.32m

zkLighter$873,206

Robinhood Chain$449,691

Fees 24h$446,697

zkLighter$309,207

Robinhood Chain$137,490

Cumulative Fees$88.83m

zkLighter$83.52m

Robinhood Chain$5.31m

Revenue 30d$5.19m
Revenue 30d by chain

zkLighter$3.14m

Robinhood Chain$2.06m

Revenue 7d$1.11m

zkLighter$703,314

Robinhood Chain$402,093

Revenue 24h$314,475

zkLighter$213,454

Robinhood Chain$101,021

Cumulative Revenue$69.15m

zkLighter$64.4m

Robinhood Chain$4.74m

Holders Revenue 30d$4.21m
Holders Revenue 30d by chain

zkLighter$4.21m

Robinhood Chain$0

Holders Revenue 7d$663,173

zkLighter$663,173

Robinhood Chain$0

Holders Revenue 24h$193,177

zkLighter$193,177

Robinhood Chain$0

Cumulative Holders Revenue$33.78m

zkLighter$33.78m

Robinhood Chain$0

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$59.68m

Earnings 30d$5.19m

Earnings 7d$1.11m

Earnings 24h$314,475

Cumulative Earnings$69.15m

DEX Volume 30d$212.14m
DEX Volume 30d by chain

zkLighter$181.2m

Robinhood Chain$30.95m

DEX Volume 7d$42.82m

zkLighter$33.72m

Robinhood Chain$9.1m

DEX Volume 24h$11.78m

zkLighter$7.78m

Robinhood Chain$4m

Cumulative DEX Volume$12.559b

zkLighter$7.667b

Arbitrum$4.361b

Robinhood Chain$530.69m

Perp Volume 30d$73.983b
Perp Volume 30d by chain

zkLighter$55.42b

Robinhood Chain$18.563b

Perp Volume 7d$16.79b

zkLighter$12.969b

Robinhood Chain$3.821b

Perp Volume 24h$4.204b

zkLighter$3.38b

Robinhood Chain$824.7m

Cumulative Perp Volume$1.918t

zkLighter$1.878t

Robinhood Chain$39.8b

Bridge Volume 30d$757.37m
Bridge Volume 30d by chain

zkLighter$439.63m

Ethereum$317.74m

Bridge Volume 7d$171.89m

zkLighter$101.66m

Ethereum$70.22m

Bridge Volume 24h$18.16m

zkLighter$10.01m

Ethereum$8.15m

Open Interest$683.36m

Market Cap$829.18m

$LIT Price$3.32

All Time High$7.86

All Time Low$0.78

View $LIT token page

Fully Diluted Valuation$3.257b

Outstanding FDV$2.49b

$LIT Volume 24h$88.16m

CEX Volume$84.96m

DEX Volume$35.91m(40.73% of total)

Total Raised$68m

Nov 11, 2025$68mRound: Investors: Founders Fund, Ribbit Capital, Haun Ventures, Robin Hood Ventures

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TradingDefiLlama
TrueoAll markets

Lighter November revenue exceeds $5M?

Trade Yes 63.7%Trade No 35.5%

Quotes fetched just now.

Revenue so far$1.02m
Market threshold$5m
At this month's daily average$6.13m
Sep 2026$4.46m
Oct 2026$5.21m
Nov 1, 2026Dashed line: this month's daily average to the end of the periodNov 30, 2026

Revenue so far: completed UTC days from Nov 1, 2026 00:00 UTC to Nov 6, 2026 00:00 UTC

Market details

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.

WebsiteX/TwitterExchange profile
Categories:BridgeDerivativesDexs
Products:

User Activity

Active Addresses (24h)33,056

New Addresses (24h)1,977

Transactions (24h)2.77m

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

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 Nov 6, 2026.

All-time high TVL: $1.46b on Dec 18, 2025. All-time low TVL: $65 on Apr 9, 2025.

Daily TVL, Oct 8, 2026 to Nov 6, 2026

DateTVL
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
Oct 28, 2026$819.3m
Oct 29, 2026$808.54m
Oct 30, 2026$786.74m
Oct 31, 2026$789.07m
Nov 1, 2026$791.59m
Nov 2, 2026$793.11m
Nov 3, 2026$791.63m
Nov 4, 2026$791.21m
Nov 5, 2026$789.41m
Nov 6, 2026$784m

TVL at each month end, Dec 2024 to Nov 2026

DateTVL
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 31, 2026$789.07m
Nov 6, 2026 (latest)$784m

TVL at each year end, Dec 31, 2023 to Dec 31, 2025

DateTVL
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 Nov 2026

MonthFeesRevenueHolders 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$6.22m$5.21m$4.11m
Nov 2026 (to date)$1.24m$1.02m$604,715

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 Nov 6, 2026, Lighter has $784m in total value locked. TVL has increased 3% 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 73.1%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $6.25m in fees. Of that, $5.19m was protocol revenue. Based on the trailing year, the annualized rate is $75.37m in fees and $59.68m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $3.33. Its circulating market capitalization is $832.96m, ranking it #109. Its fully diluted valuation is $3.272b. Supply currently stands at 250m circulating, 981.91m total supply, 1b maximum supply.

How has LIT performed recently?

LIT is up 23.5% over the past 7 days and down 7.6% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 57.6% 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 $212.14m in DEX volume over the past 30 days.