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Logo of LighterLighter(LIT)
Total Value Locked$494.32m

TVL by Chain

Ethereum$494.32m

Arbitrum$2,097

Key Metrics

Fees (Annualized)$32.96m
Fees 30d$2.7m

zkLighter$2.7m

Fees 7d$648,738

zkLighter$648,738

Fees 24h$105,752

zkLighter$105,752

Cumulative Fees$64.19m

zkLighter$64.19m

Revenue (Annualized)$25.37m
Revenue 30d$2.08m

zkLighter$2.08m

Revenue 7d$479,905

zkLighter$479,905

Revenue 24h$74,767

zkLighter$74,767

Cumulative Revenue$49.53m

zkLighter$49.53m

Holders Revenue (Annualized)$25.09m
Holders Revenue 30d$2.06m

zkLighter$2.06m

Holders Revenue 7d$480,348

zkLighter$480,348

Holders Revenue 24h$78,746

zkLighter$78,746

Cumulative Holders Revenue$18.21m

zkLighter$18.21m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$25.37m

Earnings 30d$2.08m

Earnings 7d$479,905

Earnings 24h$74,767

Cumulative Earnings$49.53m

DEX Volume 30d$116.72m
DEX Volume 30d by chain

zkLighter$116.72m

DEX Volume 7d$39.54m

zkLighter$39.54m

DEX Volume 24h$6.24m

zkLighter$6.24m

Cumulative DEX Volume$10.746b

zkLighter$6.385b

Arbitrum$4.361b

Perp Volume 30d$38.694b
Perp Volume 30d by chain

zkLighter$38.694b

Perp Volume 7d$8.918b

zkLighter$8.918b

Perp Volume 24h$1.357b

zkLighter$1.357b

Cumulative Perp Volume$1.64t

zkLighter$1.64t

Open Interest$770.22m

Market Cap$311.12m

$LIT Price$1.24

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$1.244b

Outstanding FDV$930m

$LIT Volume 24h$57.26m

CEX Volume$36.36m

DEX Volume$23.05m(40.26% 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