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Logo of LighterLighter(LIT)
Total Value Locked$518.46m

TVL by Chain

Ethereum$518.46m

Arbitrum$2,095

Key Metrics

Fees (Annualized)$38.05m
Fees 30d$3.12m

zkLighter$3.12m

Fees 7d$915,190

zkLighter$915,190

Fees 24h$204,392

zkLighter$204,392

Cumulative Fees$65.58m

zkLighter$65.58m

Revenue (Annualized)$28.22m
Revenue 30d$2.31m

zkLighter$2.31m

Revenue 7d$678,963

zkLighter$678,963

Revenue 24h$144,977

zkLighter$144,977

Cumulative Revenue$50.56m

zkLighter$50.56m

Holders Revenue (Annualized)$27.28m
Holders Revenue 30d$2.24m

zkLighter$2.24m

Holders Revenue 7d$636,045

zkLighter$636,045

Holders Revenue 24h$130,244

zkLighter$130,244

Cumulative Holders Revenue$19.19m

zkLighter$19.19m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$28.22m

Earnings 30d$2.31m

Earnings 7d$678,963

Earnings 24h$144,977

Cumulative Earnings$50.56m

DEX Volume 30d$180.88m
DEX Volume 30d by chain

zkLighter$180.88m

DEX Volume 7d$70.03m

zkLighter$70.03m

DEX Volume 24h$20.98m

zkLighter$20.98m

Cumulative DEX Volume$10.85b

zkLighter$6.489b

Arbitrum$4.361b

Perp Volume 30d$41.151b
Perp Volume 30d by chain

zkLighter$41.151b

Perp Volume 7d$10.906b

zkLighter$10.906b

Perp Volume 24h$2.072b

zkLighter$2.072b

Cumulative Perp Volume$1.656t

zkLighter$1.656t

Open Interest$816.58m

Market Cap$380.85m

$LIT Price$1.51

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$1.523b

Outstanding FDV$1.133b

$LIT Volume 24h$144.37m

CEX Volume$82.7m

DEX Volume$57.79m(40.03% 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

User Activity

Active Addresses (24h)21,842

New Addresses (24h)891

Transactions (24h)1.94m