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Logo of LighterLighter(LIT)
Total Value Locked$491.24m

TVL by Chain

Ethereum$491.24m

Arbitrum$2,098

Key Metrics

Fees (Annualized)$34.86m
Fees 30d$2.86m

zkLighter$2.86m

Fees 7d$639,213

zkLighter$639,213

Fees 24h$73,876

zkLighter$73,876

Cumulative Fees$63.62m

zkLighter$63.62m

Revenue (Annualized)$26.87m
Revenue 30d$2.2m

zkLighter$2.2m

Revenue 7d$469,587

zkLighter$469,587

Revenue 24h$38,313

zkLighter$38,313

Cumulative Revenue$49.09m

zkLighter$49.09m

Holders Revenue (Annualized)$26.2m
Holders Revenue 30d$2.15m

zkLighter$2.15m

Holders Revenue 7d$442,699

zkLighter$442,699

Holders Revenue 24h$34,683

zkLighter$34,683

Cumulative Holders Revenue$17.77m

zkLighter$17.77m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$26.87m

Earnings 30d$2.2m

Earnings 7d$469,587

Earnings 24h$38,313

Cumulative Earnings$49.09m

DEX Volume 30d$109.44m
DEX Volume 30d by chain

zkLighter$109.44m

DEX Volume 7d$17.44m

zkLighter$17.44m

DEX Volume 24h$2.14m

zkLighter$2.14m

Cumulative DEX Volume$10.708b

zkLighter$6.347b

Arbitrum$4.361b

Perp Volume 30d$39.171b
Perp Volume 30d by chain

zkLighter$39.171b

Perp Volume 7d$9.071b

zkLighter$9.071b

Perp Volume 24h$793.38m

zkLighter$793.38m

Cumulative Perp Volume$1.631t

zkLighter$1.631t

Open Interest$727.72m

Market Cap$217.33m

$LIT Price$0.87

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$869.3m

Outstanding FDV$651.6m

$LIT Volume 24h$15.27m

CEX Volume$11.65m

DEX Volume$3.95m(25.84% 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