Logo of LighterLighter(LIT)
Total Value Locked$549.56m

TVL by Chain

Ethereum$505.77m

Robinhood Chain$43.78m

Arbitrum$2,096

Key Metrics

Fees (Annualized)$86m
Fees 30d$2.24m

zkLighter$2.2m

Robinhood Chain$37,340

Fees 7d$364,668

zkLighter$336,945

Robinhood Chain$27,723

Fees 24h$28,715

zkLighter$21,576

Robinhood Chain$7,139

Cumulative Fees$72.57m

zkLighter$72.53m

Robinhood Chain$37,340

Revenue (Annualized)$66.35m
Revenue 30d$1.8m

zkLighter$1.76m

Robinhood Chain$33,883

Revenue 7d$338,524

zkLighter$313,490

Robinhood Chain$25,034

Revenue 24h$28,075

zkLighter$21,046

Robinhood Chain$7,029

Cumulative Revenue$55.99m

zkLighter$55.96m

Robinhood Chain$33,883

Holders Revenue (Annualized)$40m
Holders Revenue 30d$1.7m

zkLighter$1.7m

Robinhood Chain$0

Holders Revenue 7d$284,388

zkLighter$284,388

Robinhood Chain$0

Holders Revenue 24h$24,716

zkLighter$24,716

Robinhood Chain$0

Cumulative Holders Revenue$24.44m

zkLighter$24.44m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$66.35m

$1.8m

$338,524

$28,075

$55.99m

DEX Volume 30d$115.94m
DEX Volume 30d by chain

zkLighter$113.48m

Robinhood Chain$2.46m

DEX Volume 7d$22.99m

zkLighter$20.9m

Robinhood Chain$2.09m

DEX Volume 24h$1.04m

zkLighter$932,289

Robinhood Chain$111,836

Cumulative DEX Volume$11.293b

zkLighter$6.929b

Arbitrum$4.361b

Robinhood Chain$2.53m

Perp Volume 30d$32.467b
Perp Volume 30d by chain

zkLighter$31.828b

Robinhood Chain$638.63m

Perp Volume 7d$6.866b

zkLighter$6.306b

Robinhood Chain$559.67m

Perp Volume 24h$712.06m

zkLighter$384.85m

Robinhood Chain$327.21m

Cumulative Perp Volume$1.748t

zkLighter$1.747t

Robinhood Chain$674.62m

$892.18m

Market Cap$580.15m

$LIT Price$2.32

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.321b

$1.74b

$LIT Volume 24h$20.91m

CEX Volume$15.57m

DEX Volume$5.34m(25.53% 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)7,578

New Addresses (24h)362

Transactions (24h)859,271

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 ($6.688b)CCIP ($1.803b)Portal ($1.359b)Aster Bridge ($435.91m)SolvBTC ($410.38m)Hyperliquid Bridge ($5.888b)USDT0 ($3.265b)Unit ($555.77m)Merlins Seal ($342.6m)Axelar ($130.28m)

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 $549.56m in total value locked. TVL has increased 5.9% 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 92%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $2.24m in fees. Of that, $1.8m was protocol revenue. Based on the trailing year, the annualized rate is $86m in fees and $66.35m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.32. Its circulating market capitalization is $580.15m, ranking it #121. Its fully diluted valuation is $2.321b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is down 0.4% over the past 7 days and up 1.9% 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 $115.94m in DEX volume over the past 30 days.