Ask about Lighter · freeTotal Value Locked$826.64m
TVL by Chain
Ethereum$615.7m
Robinhood Chain$114.02m
zkLighter$96.91m
Arbitrum$2,099
Key Metrics
Fees 30d$6.03m
Fees 30d by chain
zkLighter$3.74m
Robinhood Chain$2.3m
Fees 7d$1.46m
zkLighter$913,494
Robinhood Chain$549,611
Fees 24h$226,870
zkLighter$148,204
Robinhood Chain$78,666
Cumulative Fees$85.31m
zkLighter$81.23m
Robinhood Chain$4.08m
Revenue 30d$5m
Revenue 30d by chain
zkLighter$2.89m
Robinhood Chain$2.11m
Revenue 7d$1.27m
zkLighter$764,131
Robinhood Chain$506,815
Revenue 24h$217,109
zkLighter$140,610
Robinhood Chain$76,499
Cumulative Revenue$66.23m
zkLighter$62.62m
Robinhood Chain$3.61m
Holders Revenue 30d$2.81m
Holders Revenue 30d by chain
zkLighter$2.81m
Robinhood Chain$0
Holders Revenue 7d$744,913
zkLighter$744,913
Robinhood Chain$0
Holders Revenue 24h$161,606
zkLighter$161,606
Robinhood Chain$0
Cumulative Holders Revenue$30.93m
zkLighter$30.93m
Robinhood Chain$0
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$63.87m
Earnings 30d$5m
Earnings 7d$1.27m
Earnings 24h$217,109
Cumulative Earnings$66.23m
DEX Volume 30d$526.14m
DEX Volume 30d by chain
Robinhood Chain$266.47m
zkLighter$259.67m
DEX Volume 7d$52.21m
zkLighter$47.24m
Robinhood Chain$4.97m
DEX Volume 24h$10.43m
zkLighter$9.8m
Robinhood Chain$628,421
Cumulative DEX Volume$12.442b
zkLighter$7.566b
Arbitrum$4.361b
Robinhood Chain$514.02m
Perp Volume 30d$65.976b
Perp Volume 30d by chain
zkLighter$48.867b
Robinhood Chain$17.109b
Perp Volume 7d$17.48b
zkLighter$13.06b
Robinhood Chain$4.42b
Perp Volume 24h$2.986b
zkLighter$2.269b
Robinhood Chain$717.22m
Cumulative Perp Volume$1.878t
zkLighter$1.849t
Robinhood Chain$29.159b
Open Interest$786.44m
Market Cap$975.96m
$LIT Price$3.90
Fully Diluted Valuation$3.904b
Outstanding FDV$2.925b
$LIT Volume 24h$135.81m
CEX Volume$115.17m
DEX Volume$42.36m(31.19% 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.
- Lighter BridgeBridge
- Lighter Robinhood PerpsDerivatives
- Lighter LLPDerivatives
- Lighter PerpsDerivatives
- Lighter SpotDexs
User Activity
Active Addresses (24h)24,577
New Addresses (24h)4,240
Transactions (24h)2.45m
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
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
Lighter history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 2, 2023 to Oct 21, 2026.
All-time high TVL: $1.46b on Dec 18, 2025. All-time low TVL: $65 on Apr 9, 2025.
Daily TVL, Sep 22, 2026 to Oct 21, 2026
| Date | TVL |
|---|---|
| Sep 22, 2026 | $733.14m |
| Sep 23, 2026 | $744.73m |
| Sep 24, 2026 | $744.61m |
| Sep 25, 2026 | $747.65m |
| Sep 26, 2026 | $753.72m |
| Sep 27, 2026 | $759.35m |
| Sep 28, 2026 | $764.27m |
| Sep 29, 2026 | $755.16m |
| Sep 30, 2026 | $763.03m |
| Oct 1, 2026 | $777.68m |
| Oct 2, 2026 | $771.6m |
| Oct 3, 2026 | $771.67m |
| Oct 4, 2026 | $767.45m |
| Oct 5, 2026 | $767.67m |
| Oct 6, 2026 | $767.58m |
| Oct 7, 2026 | $761.46m |
| Oct 8, 2026 | $763.39m |
| Oct 9, 2026 | $754.25m |
| Oct 10, 2026 | $747.38m |
| Oct 11, 2026 | $751m |
| Oct 12, 2026 | $753.43m |
| Oct 13, 2026 | $752.13m |
| Oct 14, 2026 | $748.82m |
| Oct 15, 2026 | $746.04m |
| Oct 16, 2026 | $738.18m |
| Oct 17, 2026 | $740.88m |
| Oct 18, 2026 | $723.82m |
| Oct 19, 2026 | $725.29m |
| Oct 20, 2026 | $728.46m |
| Oct 21, 2026 | $817.5m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $79 |
| Dec 31, 2024 | $78 |
| Jan 31, 2025 | $77 |
| Feb 28, 2025 | $72 |
| Mar 31, 2025 | $67 |
| Apr 30, 2025 | $74.62m |
| May 31, 2025 | $105.31m |
| Jun 30, 2025 | $177.45m |
| Jul 31, 2025 | $193.25m |
| Aug 31, 2025 | $339.46m |
| Sep 30, 2025 | $720.2m |
| Oct 31, 2025 | $1.152b |
| Nov 30, 2025 | $1.228b |
| Dec 31, 2025 | $1.45b |
| Jan 31, 2026 | $967.55m |
| Feb 28, 2026 | $870.76m |
| Mar 31, 2026 | $520.59m |
| Apr 30, 2026 | $481.3m |
| May 31, 2026 | $515.71m |
| Jun 30, 2026 | $509.55m |
| Jul 31, 2026 | $514.33m |
| Aug 31, 2026 | $638.75m |
| Sep 30, 2026 | $763.03m |
| Oct 21, 2026 (latest) | $817.5m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $72 |
| Dec 31, 2024 | $78 |
| Dec 31, 2025 | $1.45b |
Fees, revenue and holders revenue by UTC calendar month, Oct 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Oct 2025 | $9.56m | $6.8m | $0 |
| Nov 2025 | $18.09m | $14.32m | $0 |
| Dec 2025 | $12.04m | $10.06m | $0 |
| Jan 2026 | $9m | $6.36m | $6.71m |
| Feb 2026 | $6.84m | $5.14m | $4.79m |
| Mar 2026 | $3.83m | $3.16m | $3.08m |
| Apr 2026 | $2.81m | $2.18m | $2.14m |
| May 2026 | $2.85m | $2.16m | $2.1m |
| Jun 2026 | $3.9m | $2.9m | $2.82m |
| Jul 2026 | $2.83m | $2.21m | $2.11m |
| Aug 2026 | $4.33m | $3.18m | $2.64m |
| Sep 2026 | $5.29m | $4.46m | $2.66m |
| Oct 2026 (to date) | $3.94m | $3.32m | $1.86m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/lighter
Frequently asked questions
What is Lighter's TVL?
As of Oct 21, 2026, Lighter has $826.64m in total value locked. TVL has increased 13.2% over the past 30 days.
What chains does Lighter operate on?
Lighter operates on 4 chains: Arbitrum, Ethereum, zkLighter, and Robinhood Chain. Ethereum holds the largest share at 74.5%.
How much has Lighter generated in fees and revenue?
Over the past 30 days, Lighter generated $6.03m in fees. Of that, $5m was protocol revenue. Based on the trailing year, the annualized rate is $81.58m in fees and $63.87m in revenue.
What is the LIT token price and valuation?
LIT is currently trading at $3.90. Its circulating market capitalization is $975.96m, ranking it #107. Its fully diluted valuation is $3.904b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.
How has LIT performed recently?
LIT is up 23.9% over the past 7 days and down 17.6% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 50.4% below that level.
Which protocols are included in Lighter?
Lighter is a parent protocol whose tracked products include Lighter Bridge, Lighter Robinhood Perps, Lighter LLP, Lighter Perps, and Lighter Spot.
How much trading volume does Lighter process?
Lighter processed $526.14m in DEX volume over the past 30 days.