Ask about Lighter
Logo of LighterLighter(LIT)
Total Value Locked$533.44m

TVL by Chain

Ethereum$510.16m

Robinhood Chain$23.28m

Arbitrum$2,095

Key Metrics

Fees (Annualized)$86.85m
Fees 30d$2.42m

zkLighter$2.41m

Robinhood Chain$10,530

Fees 7d$368,750

zkLighter$366,531

Robinhood Chain$2,219

Fees 24h$53,739

zkLighter$53,486

Robinhood Chain$253

Cumulative Fees$72.34m

zkLighter$72.33m

Robinhood Chain$10,530

Revenue (Annualized)$66.97m
Revenue 30d$1.91m

zkLighter$1.9m

Robinhood Chain$9,697

Revenue 7d$313,158

zkLighter$311,053

Robinhood Chain$2,105

Revenue 24h$49,533

zkLighter$49,330

Robinhood Chain$203

Cumulative Revenue$55.77m

zkLighter$55.76m

Robinhood Chain$9,697

Holders Revenue (Annualized)$40.44m
Holders Revenue 30d$1.84m

zkLighter$1.84m

Robinhood Chain$0

Holders Revenue 7d$304,343

zkLighter$304,343

Robinhood Chain$0

Holders Revenue 24h$52,092

zkLighter$52,092

Robinhood Chain$0

Cumulative Holders Revenue$24.26m

zkLighter$24.26m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$66.97m

$1.91m

$313,158

$49,533

$55.77m

DEX Volume 30d$133.58m
DEX Volume 30d by chain

zkLighter$132.7m

Robinhood Chain$880,520

DEX Volume 7d$31.78m

zkLighter$31.15m

Robinhood Chain$634,508

DEX Volume 24h$4.29m

zkLighter$4.17m

Robinhood Chain$124,665

Cumulative DEX Volume$11.281b

zkLighter$6.919b

Arbitrum$4.361b

Robinhood Chain$930,215

Perp Volume 30d$33.465b
Perp Volume 30d by chain

zkLighter$33.368b

Robinhood Chain$96.56m

Perp Volume 7d$6.377b

zkLighter$6.358b

Robinhood Chain$19.54m

Perp Volume 24h$1.051b

zkLighter$1.048b

Robinhood Chain$2.27m

Cumulative Perp Volume$1.744t

zkLighter$1.744t

Robinhood Chain$123.53m

$879.01m

Market Cap$586.3m

$LIT Price$2.35

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.345b

$1.763b

$LIT Volume 24h$35.42m

CEX Volume$25.34m

DEX Volume$10.08m(28.47% 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)10,709

New Addresses (24h)426

Transactions (24h)1.61m

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

LayerZero V2 ($6.579b)CCIP ($1.812b)Portal ($1.381b)Aster Bridge ($471.54m)SolvBTC ($414.15m)Hyperliquid Bridge ($5.885b)USDT0 ($3.2b)Unit ($549.65m)Merlins Seal ($346.28m)Axelar ($131.6m)

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 $533.44m in total value locked. TVL has increased 1.8% 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 95.6%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $2.42m in fees. Of that, $1.91m was protocol revenue. Based on the trailing year, the annualized rate is $86.85m in fees and $66.97m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.32. Its circulating market capitalization is $579.53m, ranking it #122. Its fully diluted valuation is $2.318b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is up 11.7% over the past 7 days and down 10.6% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 70.5% 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 $133.58m in DEX volume over the past 30 days.