Ask about Lighter
Logo of LighterLighter(LIT)
Total Value Locked$523.22m

TVL by Chain

Ethereum$501.06m

Robinhood Chain$22.17m

Arbitrum$2,096

Key Metrics

Fees (Annualized)$88.45m
Fees 30d$2.64m

zkLighter$2.63m

Robinhood Chain$8,311

Fees 7d$637,959

zkLighter$632,721

Robinhood Chain$5,238

Fees 24h$69,609

zkLighter$69,200

Robinhood Chain$409

Cumulative Fees$71.97m

zkLighter$71.96m

Robinhood Chain$8,311

Revenue (Annualized)$68.16m
Revenue 30d$2.08m

zkLighter$2.07m

Robinhood Chain$7,592

Revenue 7d$523,467

zkLighter$518,402

Robinhood Chain$5,065

Revenue 24h$58,380

zkLighter$57,973

Robinhood Chain$407

Cumulative Revenue$55.46m

zkLighter$55.45m

Robinhood Chain$7,592

Holders Revenue (Annualized)$41.25m
Holders Revenue 30d$1.99m

zkLighter$1.99m

Robinhood Chain$0

Holders Revenue 7d$518,796

zkLighter$518,796

Robinhood Chain$0

Holders Revenue 24h$55,510

zkLighter$55,510

Robinhood Chain$0

Cumulative Holders Revenue$23.96m

zkLighter$23.96m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$68.16m

$2.08m

$523,467

$58,380

$55.46m

DEX Volume 30d$178.74m
DEX Volume 30d by chain

zkLighter$178.44m

Robinhood Chain$295,707

DEX Volume 7d$24.22m

zkLighter$24.05m

Robinhood Chain$169,258

DEX Volume 24h$3.08m

zkLighter$3.06m

Robinhood Chain$14,699

Cumulative DEX Volume$11.249b

zkLighter$6.888b

Arbitrum$4.361b

Robinhood Chain$295,707

Perp Volume 30d$34.576b
Perp Volume 30d by chain

zkLighter$34.48b

Robinhood Chain$95.77m

Perp Volume 7d$8.05b

zkLighter$8.015b

Robinhood Chain$34.8m

Perp Volume 24h$1.124b

zkLighter$1.12b

Robinhood Chain$3.43m

Cumulative Perp Volume$1.737t

zkLighter$1.737t

Robinhood Chain$103.99m

$866.59m

Market Cap$525.49m

$LIT Price$2.1

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.102b

$1.575b

$LIT Volume 24h$31.55m

CEX Volume$22.83m

DEX Volume$8.28m(26.23% 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)11,057

New Addresses (24h)491

Transactions (24h)1.85m

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

Lighter Bridge ($512.14m)LayerZero V2 ($6.591b)CCIP ($1.771b)Portal ($1.467b)Aster Bridge ($458.65m)Hyperliquid Bridge ($5.924b)USDT0 ($3.275b)Unit ($537.36m)SolvBTC ($417.83m)Merlins Seal ($382.87m)

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 $523.22m in total value locked. TVL has decreased 1.9% 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 95.8%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $2.64m in fees. Of that, $2.08m was protocol revenue. Based on the trailing year, the annualized rate is $88.45m in fees and $68.16m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.1. Its circulating market capitalization is $525.01m, ranking it #129. Its fully diluted valuation is $2.1b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is down 4.9% over the past 7 days and down 14% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 73.3% 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 $178.74m in DEX volume over the past 30 days.