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Logo of LighterLighter(LIT)
Total Value Locked$504.23m

TVL by Chain

Ethereum$504.23m

Arbitrum$2,097

Key Metrics

Fees (Annualized)$35.31m
Fees 30d$2.89m

zkLighter$2.89m

Fees 7d$691,658

zkLighter$691,658

Fees 24h$152,163

zkLighter$152,163

Cumulative Fees$65.16m

zkLighter$65.16m

Revenue (Annualized)$26.54m
Revenue 30d$2.18m

zkLighter$2.18m

Revenue 7d$555,005

zkLighter$555,005

Revenue 24h$109,925

zkLighter$109,925

Cumulative Revenue$50.28m

zkLighter$50.28m

Holders Revenue (Annualized)$25.73m
Holders Revenue 30d$2.11m

zkLighter$2.11m

Holders Revenue 7d$527,087

zkLighter$527,087

Holders Revenue 24h$90,525

zkLighter$90,525

Cumulative Holders Revenue$18.93m

zkLighter$18.93m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$26.54m

Earnings 30d$2.18m

Earnings 7d$555,005

Earnings 24h$109,925

Cumulative Earnings$50.28m

DEX Volume 30d$148.72m
DEX Volume 30d by chain

zkLighter$148.72m

DEX Volume 7d$43.64m

zkLighter$43.64m

DEX Volume 24h$6.28m

zkLighter$6.28m

Cumulative DEX Volume$10.811b

zkLighter$6.45b

Arbitrum$4.361b

Perp Volume 30d$39.634b
Perp Volume 30d by chain

zkLighter$39.634b

Perp Volume 7d$9.392b

zkLighter$9.392b

Perp Volume 24h$1.793b

zkLighter$1.793b

Cumulative Perp Volume$1.652t

zkLighter$1.652t

Open Interest$807.82m

Market Cap$330.06m

$LIT Price$1.32

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$1.32b

Outstanding FDV$990m

$LIT Volume 24h$62.71m

CEX Volume$44.12m

DEX Volume$27.09m(43.21% 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