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Logo of LighterLighter(LIT)
Total Value Locked$523.69m

TVL by Chain

Ethereum$523.69m

Arbitrum$2,095

Key Metrics

Fees (Annualized)$95.06m
Fees 30d$3.33m

zkLighter$3.33m

Fees 7d$627,661

zkLighter$627,661

Fees 24h$51,745

zkLighter$51,745

Cumulative Fees$69.28m

zkLighter$69.28m

Revenue (Annualized)$73.19m
Revenue 30d$2.57m

zkLighter$2.57m

Revenue 7d$491,909

zkLighter$491,909

Revenue 24h$41,835

zkLighter$41,835

Cumulative Revenue$53.34m

zkLighter$53.34m

Holders Revenue (Annualized)$44.22m
Holders Revenue 30d$2.53m

zkLighter$2.53m

Holders Revenue 7d$476,035

zkLighter$476,035

Holders Revenue 24h$42,006

zkLighter$42,006

Cumulative Holders Revenue$21.93m

zkLighter$21.93m

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$73.19m

Earnings 30d$2.57m

Earnings 7d$491,909

Earnings 24h$41,835

Cumulative Earnings$53.34m

DEX Volume 30d$188.33m
DEX Volume 30d by chain

zkLighter$188.33m

DEX Volume 7d$56.2m

zkLighter$56.2m

DEX Volume 24h$5.83m

zkLighter$5.83m

Cumulative DEX Volume$11.056b

zkLighter$6.695b

Arbitrum$4.361b

Perp Volume 30d$42.991b
Perp Volume 30d by chain

zkLighter$42.991b

Perp Volume 7d$9.036b

zkLighter$9.036b

Perp Volume 24h$813.65m

zkLighter$813.65m

Cumulative Perp Volume$1.702t

zkLighter$1.702t

Open Interest$822.01m

Market Cap$553.91m

$LIT Price$2.22

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$2.216b

Outstanding FDV$1.665b

$LIT Volume 24h$44.63m

CEX Volume$28.87m

DEX Volume$16.08m(36.03% 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:

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 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

User Activity

Active Addresses (24h)11,758

New Addresses (24h)799

Transactions (24h)1.51m