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Logo of LighterLighter(LIT)
Total Value Locked$490.38m

TVL by Chain

Ethereum$490.38m

Arbitrum$2,098

Key Metrics

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

zkLighter$2.89m

Fees 7d$607,349

zkLighter$607,349

Fees 24h$101,715

zkLighter$101,715

Cumulative Fees$63.54m

zkLighter$63.54m

Revenue (Annualized)$27.52m
Revenue 30d$2.26m

zkLighter$2.26m

Revenue 7d$465,091

zkLighter$465,091

Revenue 24h$75,616

zkLighter$75,616

Cumulative Revenue$49.05m

zkLighter$49.05m

Holders Revenue (Annualized)$26.77m
Holders Revenue 30d$2.19m

zkLighter$2.19m

Holders Revenue 7d$460,967

zkLighter$460,967

Holders Revenue 24h$113,824

zkLighter$113,824

Cumulative Holders Revenue$17.73m

zkLighter$17.73m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$27.52m

Earnings 30d$2.26m

Earnings 7d$465,091

Earnings 24h$75,616

Cumulative Earnings$49.05m

DEX Volume 30d$112.12m
DEX Volume 30d by chain

zkLighter$112.12m

DEX Volume 7d$18.56m

zkLighter$18.56m

DEX Volume 24h$3.08m

zkLighter$3.08m

Cumulative DEX Volume$10.706b

zkLighter$6.345b

Arbitrum$4.361b

Perp Volume 30d$39.968b
Perp Volume 30d by chain

zkLighter$39.968b

Perp Volume 7d$9.044b

zkLighter$9.044b

Perp Volume 24h$1.492b

zkLighter$1.492b

Cumulative Perp Volume$1.631t

zkLighter$1.631t

Open Interest$742.01m

Market Cap$212.05m

$LIT Price$0.85

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$848.21m

Outstanding FDV$636.3m

$LIT Volume 24h$21.08m

CEX Volume$14.43m

DEX Volume$7.3m(34.61% 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