Ask about Lighter
Logo of LighterLighter(LIT)
Total Value Locked$520.21m

TVL by Chain

Ethereum$499.3m

Robinhood Chain$20.91m

Arbitrum$2,096

Key Metrics

Fees (Annualized)$90.21m
Fees 30d$2.44m

zkLighter$2.44m

Robinhood Chain$1,017

Fees 7d$466,872

zkLighter$465,855

Robinhood Chain$1,017

Fees 24h$42,226

zkLighter$42,070

Robinhood Chain$156

Cumulative Fees$70.93m

zkLighter$70.93m

Robinhood Chain$1,017

Revenue (Annualized)$69.54m
Revenue 30d$1.96m

zkLighter$1.96m

Robinhood Chain$866

Revenue 7d$387,878

zkLighter$387,012

Robinhood Chain$866

Revenue 24h$39,482

zkLighter$39,326

Robinhood Chain$156

Cumulative Revenue$54.68m

zkLighter$54.68m

Robinhood Chain$866

Holders Revenue (Annualized)$41.91m
Holders Revenue 30d$1.9m

zkLighter$1.9m

Robinhood Chain$0

Holders Revenue 7d$359,559

zkLighter$359,559

Robinhood Chain$0

Holders Revenue 24h$27,620

zkLighter$27,620

Robinhood Chain$0

Cumulative Holders Revenue$23.2m

zkLighter$23.2m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$69.54m

$1.96m

$387,878

$39,482

$54.68m

DEX Volume 30d$222.45m
DEX Volume 30d by chain

zkLighter$222.33m

Robinhood Chain$115,179

DEX Volume 7d$28.16m

zkLighter$28.12m

Robinhood Chain$39,060

DEX Volume 24h$2.48m

zkLighter$2.48m

Robinhood Chain$0

Cumulative DEX Volume$11.213b

zkLighter$6.851b

Arbitrum$4.361b

Robinhood Chain$115,179

Perp Volume 30d$34.773b
Perp Volume 30d by chain

zkLighter$34.716b

Robinhood Chain$57.08m

Perp Volume 7d$7.933b

zkLighter$7.917b

Robinhood Chain$15.83m

Perp Volume 24h$868.38m

zkLighter$867m

Robinhood Chain$1.39m

Cumulative Perp Volume$1.725t

zkLighter$1.725t

Robinhood Chain$57.08m

$892.37m

Market Cap$521.84m

$LIT Price$2.09

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.087b

$1.568b

$LIT Volume 24h$17.2m

CEX Volume$11.39m

DEX Volume$6m(34.86% 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)8,776

New Addresses (24h)370

Transactions (24h)939,381

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 ($509.76m)LayerZero V2 ($6.703b)Portal ($1.596b)CCIP ($1.594b)Aster Bridge ($461.05m)Hyperliquid Bridge ($5.95b)USDT0 ($3.377b)Unit ($524.98m)SolvBTC ($416.95m)Merlins Seal ($382.5m)

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 $520.21m in total value locked. TVL has increased 3.5% 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 $2.44m in fees. Of that, $1.96m was protocol revenue. Based on the trailing year, the annualized rate is $90.21m in fees and $69.54m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.09. Its circulating market capitalization is $521.84m, ranking it #132. Its fully diluted valuation is $2.087b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is down 6.1% over the past 7 days and up 27.1% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 73.4% 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 $222.45m in DEX volume over the past 30 days.