Ask about Lighter
Logo of LighterLighter(LIT)
Total Value Locked$524.94m

TVL by Chain

Ethereum$503.5m

Robinhood Chain$21.44m

Arbitrum$2,096

Key Metrics

Fees (Annualized)$89.67m
Fees 30d$2.68m

zkLighter$2.67m

Robinhood Chain$4,688

Fees 7d$750,509

zkLighter$746,238

Robinhood Chain$4,271

Fees 24h$162,030

zkLighter$160,415

Robinhood Chain$1,615

Cumulative Fees$71.49m

zkLighter$71.49m

Robinhood Chain$4,688

Revenue (Annualized)$69.08m
Revenue 30d$2.09m

zkLighter$2.08m

Robinhood Chain$4,015

Revenue 7d$555,872

zkLighter$552,184

Robinhood Chain$3,688

Revenue 24h$140,653

zkLighter$139,165

Robinhood Chain$1,488

Cumulative Revenue$55.08m

zkLighter$55.07m

Robinhood Chain$4,015

Holders Revenue (Annualized)$41.71m
Holders Revenue 30d$1.99m

zkLighter$1.99m

Robinhood Chain$0

Holders Revenue 7d$493,682

zkLighter$493,682

Robinhood Chain$0

Holders Revenue 24h$104,484

zkLighter$104,484

Robinhood Chain$0

Cumulative Holders Revenue$23.54m

zkLighter$23.54m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$69.08m

$2.09m

$555,872

$140,653

$55.08m

DEX Volume 30d$223.31m
DEX Volume 30d by chain

zkLighter$223.17m

Robinhood Chain$133,782

DEX Volume 7d$29.08m

zkLighter$29.05m

Robinhood Chain$29,184

DEX Volume 24h$5.78m

zkLighter$5.77m

Robinhood Chain$7,333

Cumulative DEX Volume$11.231b

zkLighter$6.869b

Arbitrum$4.361b

Robinhood Chain$133,782

Perp Volume 30d$35.652b
Perp Volume 30d by chain

zkLighter$35.575b

Robinhood Chain$77.33m

Perp Volume 7d$8.908b

zkLighter$8.881b

Robinhood Chain$26.84m

Perp Volume 24h$1.775b

zkLighter$1.767b

Robinhood Chain$8.15m

Cumulative Perp Volume$1.731t

zkLighter$1.731t

Robinhood Chain$77.34m

$871.51m

Market Cap$561.37m

$LIT Price$2.24

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.245b

$1.68b

$LIT Volume 24h$30.45m

CEX Volume$19.13m

DEX Volume$10.56m(34.69% 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)11,298

New Addresses (24h)665

Transactions (24h)1.82m

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 ($514.14m)LayerZero V2 ($6.709b)CCIP ($1.673b)Portal ($1.489b)Aster Bridge ($463.54m)Hyperliquid Bridge ($5.994b)USDT0 ($3.441b)Unit ($523.45m)SolvBTC ($418.81m)Merlins Seal ($383.51m)

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 $524.94m 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, Robinhood Chain, and zkLighter. Ethereum holds the largest share at 95.9%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $2.68m in fees. Of that, $2.09m was protocol revenue. Based on the trailing year, the annualized rate is $89.67m in fees and $69.08m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.24. Its circulating market capitalization is $558.7m, ranking it #124. Its fully diluted valuation is $2.235b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is up 0.7% over the past 7 days and up 15.1% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 71.5% 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 $223.31m in DEX volume over the past 30 days.