Logo of LighterLighter(LIT)
Total Value Locked$571.44m

TVL by Chain

Ethereum$536.59m

Robinhood Chain$34.84m

Arbitrum$2,099

Key Metrics

Fees (Annualized)$86.04m
Fees 30d$3.6m

zkLighter$3.2m

Robinhood Chain$397,744

Fees 7d$1.88m

zkLighter$1.53m

Robinhood Chain$350,060

Fees 24h$127,141

zkLighter$102,160

Robinhood Chain$24,981

Cumulative Fees$74.49m

zkLighter$74.09m

Robinhood Chain$398,605

Revenue (Annualized)$65.86m
Revenue 30d$2.38m

zkLighter$2.12m

Robinhood Chain$256,102

Revenue 7d$995,403

zkLighter$783,454

Robinhood Chain$211,949

Revenue 24h$111,458

zkLighter$89,667

Robinhood Chain$21,791

Cumulative Revenue$57.02m

zkLighter$56.76m

Robinhood Chain$256,812

Holders Revenue (Annualized)$39.84m
Holders Revenue 30d$2.05m

zkLighter$2.05m

Robinhood Chain$0

Holders Revenue 7d$750,774

zkLighter$750,774

Robinhood Chain$0

Holders Revenue 24h$73,882

zkLighter$73,882

Robinhood Chain$0

Cumulative Holders Revenue$25.21m

zkLighter$25.21m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$65.86m

$2.38m

$995,403

$111,458

$57.02m

DEX Volume 30d$157.78m
DEX Volume 30d by chain

zkLighter$154.48m

Robinhood Chain$3.3m

DEX Volume 7d$73.35m

zkLighter$72.48m

Robinhood Chain$874,965

DEX Volume 24h$12.78m

zkLighter$12.66m

Robinhood Chain$119,738

Cumulative DEX Volume$11.368b

zkLighter$7.003b

Arbitrum$4.361b

Robinhood Chain$3.42m

Perp Volume 30d$38.19b
Perp Volume 30d by chain

zkLighter$35.32b

Robinhood Chain$2.87b

Perp Volume 7d$14.016b

zkLighter$12.031b

Robinhood Chain$1.985b

Perp Volume 24h$1.61b

zkLighter$1.4b

Robinhood Chain$209.28m

Cumulative Perp Volume$1.763t

zkLighter$1.76t

Robinhood Chain$2.926b

$1.108b

Market Cap$920.6m

$LIT Price$3.7

All Time High$7.86

All Time Low$0.78

View $LIT token page

$3.682b

$2.775b

$LIT Volume 24h$138.37m

CEX Volume$114.9m

DEX Volume$53.21m(38.46% 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)12,471

New Addresses (24h)653

Transactions (24h)1.83m

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 $571.44m in total value locked. TVL has increased 11.9% 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 93.9%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $3.6m in fees. Of that, $2.38m was protocol revenue. Based on the trailing year, the annualized rate is $86.04m in fees and $65.86m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $3.73. Its circulating market capitalization is $932.73m, ranking it #102. Its fully diluted valuation is $3.731b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is up 59.6% over the past 7 days and up 85.9% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 52.5% 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 $157.78m in DEX volume over the past 30 days.