Ask about Lighter
Logo of LighterLighter(LIT)
Total Value Locked$525.02m

TVL by Chain

Ethereum$504.43m

Robinhood Chain$20.58m

Arbitrum$2,096

Key Metrics

Fees (Annualized)$89.78m
Fees 30d$2.63m

zkLighter$2.63m

Robinhood Chain$3,073

Fees 7d$658,991

zkLighter$656,088

Robinhood Chain$2,903

Fees 24h$113,736

zkLighter$113,240

Robinhood Chain$496

Cumulative Fees$71.33m

zkLighter$71.33m

Robinhood Chain$3,073

Revenue (Annualized)$69.14m
Revenue 30d$2.04m

zkLighter$2.04m

Robinhood Chain$2,527

Revenue 7d$479,497

zkLighter$477,096

Robinhood Chain$2,401

Revenue 24h$90,223

zkLighter$89,818

Robinhood Chain$405

Cumulative Revenue$54.94m

zkLighter$54.93m

Robinhood Chain$2,527

Holders Revenue (Annualized)$41.73m
Holders Revenue 30d$1.96m

zkLighter$1.96m

Robinhood Chain$0

Holders Revenue 7d$447,449

zkLighter$447,449

Robinhood Chain$0

Holders Revenue 24h$87,250

zkLighter$87,250

Robinhood Chain$0

Cumulative Holders Revenue$23.44m

zkLighter$23.44m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$69.14m

$2.04m

$479,497

$90,223

$54.94m

DEX Volume 30d$223.27m
DEX Volume 30d by chain

zkLighter$223.14m

Robinhood Chain$126,449

DEX Volume 7d$28.8m

zkLighter$28.76m

Robinhood Chain$45,696

DEX Volume 24h$4.08m

zkLighter$4.07m

Robinhood Chain$11,134

Cumulative DEX Volume$11.225b

zkLighter$6.863b

Arbitrum$4.361b

Robinhood Chain$126,449

Perp Volume 30d$35.471b
Perp Volume 30d by chain

zkLighter$35.402b

Robinhood Chain$69.18m

Perp Volume 7d$8.469b

zkLighter$8.448b

Robinhood Chain$20.64m

Perp Volume 24h$1.458b

zkLighter$1.455b

Robinhood Chain$3.2m

Cumulative Perp Volume$1.729t

zkLighter$1.729t

Robinhood Chain$69.19m

$871.64m

Market Cap$571.16m

$LIT Price$2.28

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.285b

$1.71b

$LIT Volume 24h$37.78m

CEX Volume$25.03m

DEX Volume$14.02m(37.11% 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)11,764

New Addresses (24h)552

Transactions (24h)1.66m

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 ($514.73m)LayerZero V2 ($6.693b)CCIP ($1.622b)Portal ($1.514b)Aster Bridge ($462.01m)Hyperliquid Bridge ($5.976b)USDT0 ($3.415b)Unit ($518.15m)SolvBTC ($411.05m)Merlins Seal ($377.46m)

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 $525.02m in total value locked. TVL has increased 3.3% 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 96.1%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $2.63m in fees. Of that, $2.04m was protocol revenue. Based on the trailing year, the annualized rate is $89.78m in fees and $69.14m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.26. Its circulating market capitalization is $564.29m, ranking it #123. Its fully diluted valuation is $2.257b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is down 3.6% over the past 7 days and up 30.3% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 71.2% 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 $223.27m in DEX volume over the past 30 days.