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Logo of LighterLighter(LIT)
Total Value Locked$498.99m

TVL by Chain

Ethereum$498.99m

Arbitrum$2,097

Key Metrics

Fees (Annualized)$33.19m
Fees 30d$2.72m

zkLighter$2.72m

Fees 7d$710,131

zkLighter$710,131

Fees 24h$66,148

zkLighter$66,148

Cumulative Fees$64.41m

zkLighter$64.41m

Revenue (Annualized)$25.02m
Revenue 30d$2.05m

zkLighter$2.05m

Revenue 7d$526,941

zkLighter$526,941

Revenue 24h$56,206

zkLighter$56,206

Cumulative Revenue$49.67m

zkLighter$49.67m

Holders Revenue (Annualized)$25.16m
Holders Revenue 30d$2.06m

zkLighter$2.06m

Holders Revenue 7d$531,554

zkLighter$531,554

Holders Revenue 24h$54,031

zkLighter$54,031

Cumulative Holders Revenue$18.35m

zkLighter$18.35m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$25.02m

Earnings 30d$2.05m

Earnings 7d$526,941

Earnings 24h$56,206

Cumulative Earnings$49.67m

DEX Volume 30d$124.45m
DEX Volume 30d by chain

zkLighter$124.45m

DEX Volume 7d$51.67m

zkLighter$51.67m

DEX Volume 24h$8.08m

zkLighter$8.08m

Cumulative DEX Volume$10.761b

zkLighter$6.4b

Arbitrum$4.361b

Perp Volume 30d$38.145b
Perp Volume 30d by chain

zkLighter$38.145b

Perp Volume 7d$9.267b

zkLighter$9.267b

Perp Volume 24h$906.6m

zkLighter$906.6m

Cumulative Perp Volume$1.642t

zkLighter$1.642t

Open Interest$827.18m

Market Cap$330.96m

$LIT Price$1.32

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$1.324b

Outstanding FDV$990m

$LIT Volume 24h$41.62m

CEX Volume$27.44m

DEX Volume$17.5m(42.04% 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