Logo of LighterLighter(LIT)
Total Value Locked$594.83m

TVL by Chain

Ethereum$556.71m

Robinhood Chain$38.12m

Arbitrum$2,099

Key Metrics

Fees (Annualized)$86m
Fees 30d$3.76m

zkLighter$3.32m

Robinhood Chain$437,858

Fees 7d$2.01m

zkLighter$1.64m

Robinhood Chain$363,969

Fees 24h$200,686

zkLighter$160,416

Robinhood Chain$40,270

Cumulative Fees$74.69m

zkLighter$74.25m

Robinhood Chain$438,875

Revenue (Annualized)$65.86m
Revenue 30d$2.52m

zkLighter$2.23m

Robinhood Chain$291,921

Revenue 7d$1.1m

zkLighter$877,402

Robinhood Chain$225,927

Revenue 24h$179,913

zkLighter$143,938

Robinhood Chain$35,975

Cumulative Revenue$57.2m

zkLighter$56.91m

Robinhood Chain$292,787

Holders Revenue (Annualized)$39.88m
Holders Revenue 30d$2.15m

zkLighter$2.15m

Robinhood Chain$0

Holders Revenue 7d$849,052

zkLighter$849,052

Robinhood Chain$0

Holders Revenue 24h$133,109

zkLighter$133,109

Robinhood Chain$0

Cumulative Holders Revenue$25.35m

zkLighter$25.35m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$65.86m

$2.52m

$1.1m

$179,913

$57.2m

DEX Volume 30d$175.48m
DEX Volume 30d by chain

zkLighter$171.39m

Robinhood Chain$4.09m

DEX Volume 7d$91.62m

zkLighter$90.02m

Robinhood Chain$1.59m

DEX Volume 24h$20.18m

zkLighter$19.4m

Robinhood Chain$784,400

Cumulative DEX Volume$11.388b

zkLighter$7.023b

Arbitrum$4.361b

Robinhood Chain$4.2m

Perp Volume 30d$39.651b
Perp Volume 30d by chain

zkLighter$36.523b

Robinhood Chain$3.128b

Perp Volume 7d$15.002b

zkLighter$13.027b

Robinhood Chain$1.975b

Perp Volume 24h$2.329b

zkLighter$2.07b

Robinhood Chain$259.12m

Cumulative Perp Volume$1.765t

zkLighter$1.762t

Robinhood Chain$3.185b

$1.144b

Market Cap$863.95m

$LIT Price$3.45

All Time High$7.86

All Time Low$0.78

View $LIT token page

$3.456b

$2.588b

$LIT Volume 24h$116.84m

CEX Volume$80.29m

DEX Volume$33.1m(28.33% 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.

WebsiteTwitter
Categories:BridgeDerivativesDexs
Products:

User Activity

Active Addresses (24h)17,696

New Addresses (24h)743

Transactions (24h)2.26m

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

Frequently Asked Questions

What is Lighter's TVL?

Lighter currently has $594.83m in total value locked. TVL has increased 16.7% over the past 30 days.

What chains does Lighter operate on?

Lighter operates on 4 chains: Arbitrum, Ethereum, zkLighter, and Robinhood Chain. Ethereum holds the largest share at 93.6%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $3.76m in fees. Of that, $2.52m was protocol revenue. Based on the trailing year, the annualized rate is $86m in fees and $65.86m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $3.45. Its circulating market capitalization is $863.95m, ranking it #104. Its fully diluted valuation is $3.456b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is up 47.2% over the past 7 days and up 66.9% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 56.1% 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 $175.48m in DEX volume over the past 30 days.