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Logo of LighterLighter(LIT)
Total Value Locked$505.86m

TVL by Chain

Ethereum$505.86m

Arbitrum$2,096

Key Metrics

Fees (Annualized)$33.87m
Fees 30d$2.78m

zkLighter$2.78m

Fees 7d$601,907

zkLighter$601,907

Fees 24h$60,409

zkLighter$60,409

Cumulative Fees$65.01m

zkLighter$65.01m

Revenue (Annualized)$25.57m
Revenue 30d$2.1m

zkLighter$2.1m

Revenue 7d$498,001

zkLighter$498,001

Revenue 24h$49,832

zkLighter$49,832

Cumulative Revenue$50.17m

zkLighter$50.17m

Holders Revenue (Annualized)$25.06m
Holders Revenue 30d$2.05m

zkLighter$2.05m

Holders Revenue 7d$487,472

zkLighter$487,472

Holders Revenue 24h$46,071

zkLighter$46,071

Cumulative Holders Revenue$18.84m

zkLighter$18.84m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$25.57m

Earnings 30d$2.1m

Earnings 7d$498,001

Earnings 24h$49,832

Cumulative Earnings$50.17m

DEX Volume 30d$148.24m
DEX Volume 30d by chain

zkLighter$148.24m

DEX Volume 7d$43.88m

zkLighter$43.88m

DEX Volume 24h$5.22m

zkLighter$5.22m

Cumulative DEX Volume$10.805b

zkLighter$6.444b

Arbitrum$4.361b

Perp Volume 30d$38.533b
Perp Volume 30d by chain

zkLighter$38.533b

Perp Volume 7d$8.489b

zkLighter$8.489b

Perp Volume 24h$862.08m

zkLighter$862.08m

Cumulative Perp Volume$1.65t

zkLighter$1.65t

Open Interest$817.43m

Market Cap$321.59m

$LIT Price$1.29

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$1.286b

Outstanding FDV$967.5m

$LIT Volume 24h$56.81m

CEX Volume$37.82m

DEX Volume$24.26m(42.71% 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.

CategoryBridge
WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees: Maker and taker fees paid by traders on the Lighter DEXView 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 GitHub
Holders Revenue: LIT token buybacks from treasury. The protocol uses fees to buy back LIT tokens from the market.View 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