Ask about Lighter
Logo of LighterLighter(LIT)
Total Value Locked$526.64m

TVL by Chain

Ethereum$504.49m

Robinhood Chain$22.15m

Arbitrum$2,095

Key Metrics

Fees (Annualized)$88.04m
Fees 30d$2.55m

zkLighter$2.54m

Robinhood Chain$9,084

Fees 7d$501,290

zkLighter$497,749

Robinhood Chain$3,541

Fees 24h$57,804

zkLighter$57,535

Robinhood Chain$269

Cumulative Fees$72.12m

zkLighter$72.11m

Robinhood Chain$9,084

Revenue (Annualized)$67.84m
Revenue 30d$2.02m

zkLighter$2.01m

Robinhood Chain$8,346

Revenue 7d$381,963

zkLighter$378,478

Robinhood Chain$3,485

Revenue 24h$52,409

zkLighter$52,158

Robinhood Chain$251

Cumulative Revenue$55.57m

zkLighter$55.57m

Robinhood Chain$8,346

Holders Revenue (Annualized)$41.03m
Holders Revenue 30d$1.94m

zkLighter$1.94m

Robinhood Chain$0

Holders Revenue 7d$401,884

zkLighter$401,884

Robinhood Chain$0

Holders Revenue 24h$50,851

zkLighter$50,851

Robinhood Chain$0

Cumulative Holders Revenue$24.06m

zkLighter$24.06m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$67.84m

$2.02m

$381,963

$52,409

$55.57m

DEX Volume 30d$143.02m
DEX Volume 30d by chain

zkLighter$142.7m

Robinhood Chain$321,101

DEX Volume 7d$21.22m

zkLighter$21.05m

Robinhood Chain$165,539

DEX Volume 24h$3.76m

zkLighter$3.75m

Robinhood Chain$9,113

Cumulative DEX Volume$11.255b

zkLighter$6.893b

Arbitrum$4.361b

Robinhood Chain$321,101

Perp Volume 30d$34.027b
Perp Volume 30d by chain

zkLighter$33.929b

Robinhood Chain$97.54m

Perp Volume 7d$7.145b

zkLighter$7.117b

Robinhood Chain$28.33m

Perp Volume 24h$987.95m

zkLighter$985.09m

Robinhood Chain$2.86m

Cumulative Perp Volume$1.74t

zkLighter$1.74t

Robinhood Chain$110.43m

$857.22m

Market Cap$595.27m

$LIT Price$2.38

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.381b

$1.785b

$LIT Volume 24h$45.37m

CEX Volume$31.08m

DEX Volume$14.79m(32.6% 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)13,271

New Addresses (24h)493

Transactions (24h)1.68m

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 ($515.56m)LayerZero V2 ($6.609b)CCIP ($1.834b)Portal ($1.46b)Aster Bridge ($449.87m)Hyperliquid Bridge ($5.947b)USDT0 ($3.299b)Unit ($533.94m)SolvBTC ($416.45m)Merlins Seal ($380.4m)

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 $526.64m in total value locked. TVL has decreased 3.6% 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 95.8%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $2.55m in fees. Of that, $2.02m was protocol revenue. Based on the trailing year, the annualized rate is $88.04m in fees and $67.84m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.38. Its circulating market capitalization is $595.27m, ranking it #122. Its fully diluted valuation is $2.381b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is up 5.4% over the past 7 days and down 3% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 69.7% below that level.

Which protocols are included in Lighter?

Lighter is a parent protocol whose tracked products include Lighter Bridge, Lighter Robinhood Perps, Lighter Perps, and Lighter Spot.

How much trading volume does Lighter process?

Lighter processed $143.02m in DEX volume over the past 30 days.