Logo of LighterLighter(LIT)
Total Value Locked$565.11m

TVL by Chain

Ethereum$531.43m

Robinhood Chain$33.69m

Arbitrum$2,099

Key Metrics

Fees (Annualized)$86.17m
Fees 30d$3.54m

zkLighter$3.17m

Robinhood Chain$372,917

Fees 7d$1.79m

zkLighter$1.45m

Robinhood Chain$336,284

Fees 24h$347,063

zkLighter$312,393

Robinhood Chain$34,670

Cumulative Fees$74.36m

zkLighter$73.99m

Robinhood Chain$373,624

Revenue (Annualized)$65.94m
Revenue 30d$2.33m

zkLighter$2.09m

Robinhood Chain$234,436

Revenue 7d$917,227

zkLighter$716,089

Robinhood Chain$201,138

Revenue 24h$146,695

zkLighter$120,597

Robinhood Chain$26,098

Cumulative Revenue$56.91m

zkLighter$56.67m

Robinhood Chain$235,021

Holders Revenue (Annualized)$39.9m
Holders Revenue 30d$2.03m

zkLighter$2.03m

Robinhood Chain$0

Holders Revenue 7d$701,571

zkLighter$701,571

Robinhood Chain$0

Holders Revenue 24h$159,822

zkLighter$159,822

Robinhood Chain$0

Cumulative Holders Revenue$25.14m

zkLighter$25.14m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$65.94m

$2.33m

$917,227

$146,695

$56.91m

DEX Volume 30d$148.86m
DEX Volume 30d by chain

zkLighter$145.68m

Robinhood Chain$3.18m

DEX Volume 7d$61.95m

zkLighter$61.18m

Robinhood Chain$767,557

DEX Volume 24h$12.19m

zkLighter$12.15m

Robinhood Chain$43,968

Cumulative DEX Volume$11.355b

zkLighter$6.991b

Arbitrum$4.361b

Robinhood Chain$3.3m

Perp Volume 30d$37.702b
Perp Volume 30d by chain

zkLighter$35.039b

Robinhood Chain$2.663b

Perp Volume 7d$13.127b

zkLighter$11.085b

Robinhood Chain$2.042b

Perp Volume 24h$1.805b

zkLighter$1.565b

Robinhood Chain$239.83m

Cumulative Perp Volume$1.761t

zkLighter$1.758t

Robinhood Chain$2.717b

$1.034b

Market Cap$767.53m

$LIT Price$3.07

All Time High$7.86

All Time Low$0.78

View $LIT token page

$3.07b

$2.303b

$LIT Volume 24h$82.84m

CEX Volume$56m

DEX Volume$26.3m(31.75% 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.

Categories:BridgeDerivativesDexs
Products:
WebsiteTwitter

User Activity

Active Addresses (24h)13,626

New Addresses (24h)798

Transactions (24h)2.03m

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

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 $565.11m in total value locked. TVL has increased 9.7% 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 94%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $3.54m in fees. Of that, $2.33m was protocol revenue. Based on the trailing year, the annualized rate is $86.17m in fees and $65.94m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $3.07. Its circulating market capitalization is $767.53m, ranking it #117. Its fully diluted valuation is $3.07b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is up 31.6% over the past 7 days and up 42.3% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 60.9% 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 $148.86m in DEX volume over the past 30 days.