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Lighter(LIT)

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Total Value Locked$823.23m

TVL by Chain

Ethereum$613.31m

Robinhood Chain$113.73m

zkLighter$96.18m

Arbitrum$2,099

Key Metrics

Fees 30d$5.87m
Fees 30d by chain

zkLighter$3.6m

Robinhood Chain$2.27m

Fees 7d$1.45m

zkLighter$897,494

Robinhood Chain$555,168

Fees 24h$224,134

zkLighter$129,085

Robinhood Chain$95,049

Cumulative Fees$85.54m

zkLighter$81.36m

Robinhood Chain$4.18m

Revenue 30d$4.96m
Revenue 30d by chain

zkLighter$2.86m

Robinhood Chain$2.1m

Revenue 7d$1.27m

zkLighter$758,578

Robinhood Chain$515,737

Revenue 24h$210,414

zkLighter$118,254

Robinhood Chain$92,160

Cumulative Revenue$66.44m

zkLighter$62.74m

Robinhood Chain$3.7m

Holders Revenue 30d$2.83m
Holders Revenue 30d by chain

zkLighter$2.83m

Robinhood Chain$0

Holders Revenue 7d$760,958

zkLighter$760,958

Robinhood Chain$0

Holders Revenue 24h$144,649

zkLighter$144,649

Robinhood Chain$0

Cumulative Holders Revenue$31.08m

zkLighter$31.08m

Robinhood Chain$0

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$63.55m

Earnings 30d$4.96m

Earnings 7d$1.27m

Earnings 24h$210,414

Cumulative Earnings$66.44m

DEX Volume 30d$502.8m
DEX Volume 30d by chain

zkLighter$263.04m

Robinhood Chain$239.77m

DEX Volume 7d$59.2m

zkLighter$54.2m

Robinhood Chain$5.01m

DEX Volume 24h$13.79m

zkLighter$12.91m

Robinhood Chain$881,226

Cumulative DEX Volume$12.455b

zkLighter$7.579b

Arbitrum$4.361b

Robinhood Chain$514.9m

Perp Volume 30d$65.793b
Perp Volume 30d by chain

zkLighter$48.556b

Robinhood Chain$17.238b

Perp Volume 7d$17.459b

zkLighter$12.906b

Robinhood Chain$4.553b

Perp Volume 24h$2.716b

zkLighter$1.896b

Robinhood Chain$819.66m

Cumulative Perp Volume$1.881t

zkLighter$1.851t

Robinhood Chain$29.978b

Open Interest$784.77m

Market Cap$946.01m

$LIT Price$3.78

All Time High$7.86

All Time Low$0.78

View $LIT token page

Fully Diluted Valuation$3.784b

Outstanding FDV$2.835b

$LIT Volume 24h$146.69m

CEX Volume$125.3m

DEX Volume$44.47m(30.32% of total)

Total Raised$68m

Nov 11, 2025$68mRound: Investors: Founders Fund, Ribbit Capital, Haun Ventures, Robin Hood Ventures

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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.

WebsiteX/TwitterExchange profile
Categories:BridgeDerivativesDexs
Products:

User Activity

Active Addresses (24h)27,981

New Addresses (24h)4,240

Transactions (24h)2.37m

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

Lighter history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 2, 2023 to Oct 22, 2026.

All-time high TVL: $1.46b on Dec 18, 2025. All-time low TVL: $65 on Apr 9, 2025.

Daily TVL, Sep 23, 2026 to Oct 22, 2026

DateTVL
Sep 23, 2026$744.73m
Sep 24, 2026$744.61m
Sep 25, 2026$747.65m
Sep 26, 2026$753.72m
Sep 27, 2026$759.35m
Sep 28, 2026$764.27m
Sep 29, 2026$755.16m
Sep 30, 2026$763.03m
Oct 1, 2026$777.68m
Oct 2, 2026$771.6m
Oct 3, 2026$771.67m
Oct 4, 2026$767.45m
Oct 5, 2026$767.67m
Oct 6, 2026$767.58m
Oct 7, 2026$761.46m
Oct 8, 2026$763.39m
Oct 9, 2026$754.25m
Oct 10, 2026$747.38m
Oct 11, 2026$751m
Oct 12, 2026$753.43m
Oct 13, 2026$752.13m
Oct 14, 2026$748.82m
Oct 15, 2026$746.04m
Oct 16, 2026$738.18m
Oct 17, 2026$740.88m
Oct 18, 2026$723.82m
Oct 19, 2026$725.29m
Oct 20, 2026$728.46m
Oct 21, 2026$826.18m
Oct 22, 2026$826.18m

TVL at each month end, Nov 2024 to Oct 2026

DateTVL
Nov 30, 2024$79
Dec 31, 2024$78
Jan 31, 2025$77
Feb 28, 2025$72
Mar 31, 2025$67
Apr 30, 2025$74.62m
May 31, 2025$105.31m
Jun 30, 2025$177.45m
Jul 31, 2025$193.25m
Aug 31, 2025$339.46m
Sep 30, 2025$720.2m
Oct 31, 2025$1.152b
Nov 30, 2025$1.228b
Dec 31, 2025$1.45b
Jan 31, 2026$967.55m
Feb 28, 2026$870.76m
Mar 31, 2026$520.59m
Apr 30, 2026$481.3m
May 31, 2026$515.71m
Jun 30, 2026$509.55m
Jul 31, 2026$514.33m
Aug 31, 2026$638.75m
Sep 30, 2026$763.03m
Oct 22, 2026 (latest)$826.18m

TVL at each year end, Dec 31, 2023 to Dec 31, 2025

DateTVL
Dec 31, 2023$72
Dec 31, 2024$78
Dec 31, 2025$1.45b

Fees, revenue and holders revenue by UTC calendar month, Oct 2025 to Oct 2026

MonthFeesRevenueHolders revenue
Oct 2025$9.56m$6.8m$0
Nov 2025$18.09m$14.32m$0
Dec 2025$12.04m$10.06m$0
Jan 2026$9m$6.36m$6.71m
Feb 2026$6.84m$5.14m$4.79m
Mar 2026$3.83m$3.16m$3.08m
Apr 2026$2.81m$2.18m$2.14m
May 2026$2.85m$2.16m$2.1m
Jun 2026$3.9m$2.9m$2.82m
Jul 2026$2.83m$2.21m$2.11m
Aug 2026$4.33m$3.18m$2.64m
Sep 2026$5.29m$4.46m$2.66m
Oct 2026 (to date)$4.17m$3.53m$2.01m

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/lighter

Frequently asked questions

What is Lighter's TVL?

As of Oct 22, 2026, Lighter has $823.23m in total value locked. TVL has increased 12.3% 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 74.5%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $5.87m in fees. Of that, $4.96m was protocol revenue. Based on the trailing year, the annualized rate is $81.02m in fees and $63.55m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $3.78. Its circulating market capitalization is $946.01m, ranking it #107. Its fully diluted valuation is $3.784b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is up 24.9% over the past 7 days and down 17.9% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 51.9% below that level.

Which protocols are included in Lighter?

Lighter is a parent protocol whose tracked products include Lighter Bridge, Lighter Robinhood Perps, Lighter LLP, Lighter Perps, and Lighter Spot.

How much trading volume does Lighter process?

Lighter processed $502.8m in DEX volume over the past 30 days.