Logo of LighterLighter(LIT)
Total Value Locked$552.13m

TVL by Chain

Ethereum$500.18m

Robinhood Chain$51.95m

Arbitrum$2,096

Key Metrics

Fees (Annualized)$85.4m
Fees 30d$2.26m

zkLighter$2.16m

Robinhood Chain$100,204

Fees 7d$424,515

zkLighter$334,841

Robinhood Chain$89,674

Fees 24h$77,867

zkLighter$52,569

Robinhood Chain$25,298

Cumulative Fees$72.76m

zkLighter$72.66m

Robinhood Chain$100,204

Revenue (Annualized)$65.92m
Revenue 30d$1.84m

zkLighter$1.75m

Robinhood Chain$90,525

Revenue 7d$391,401

zkLighter$310,573

Robinhood Chain$80,828

Revenue 24h$70,458

zkLighter$46,793

Robinhood Chain$23,665

Cumulative Revenue$56.17m

zkLighter$56.07m

Robinhood Chain$90,525

Holders Revenue (Annualized)$39.62m
Holders Revenue 30d$1.66m

zkLighter$1.66m

Robinhood Chain$0

Holders Revenue 7d$271,014

zkLighter$271,014

Robinhood Chain$0

Holders Revenue 24h$33,543

zkLighter$33,543

Robinhood Chain$0

Cumulative Holders Revenue$24.53m

zkLighter$24.53m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$65.92m

$1.84m

$391,401

$70,458

$56.17m

DEX Volume 30d$112.25m
DEX Volume 30d by chain

zkLighter$109.58m

Robinhood Chain$2.67m

DEX Volume 7d$19.05m

zkLighter$17.23m

Robinhood Chain$1.82m

DEX Volume 24h$3.4m

zkLighter$3.26m

Robinhood Chain$142,409

Cumulative DEX Volume$11.3b

zkLighter$6.936b

Arbitrum$4.361b

Robinhood Chain$2.75m

Perp Volume 30d$33.069b
Perp Volume 30d by chain

zkLighter$31.63b

Robinhood Chain$1.44b

Perp Volume 7d$7.483b

zkLighter$6.124b

Robinhood Chain$1.36b

Perp Volume 24h$1.214b

zkLighter$940.3m

Robinhood Chain$273.49m

Cumulative Perp Volume$1.751t

zkLighter$1.75t

Robinhood Chain$1.483b

$945.39m

Market Cap$587.55m

$LIT Price$2.35

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.35b

$1.763b

$LIT Volume 24h$28.38m

CEX Volume$20.48m

DEX Volume$7.64m(26.91% 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.

Category:Bridge

WebsiteTwitter

User Activity

Active Addresses (24h)10,480

New Addresses (24h)502

Transactions (24h)1.36m

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

Competitors

LayerZero V2 ($6.797b)CCIP ($1.807b)Portal ($1.358b)Aster Bridge ($427.73m)SolvBTC ($416.99m)Hyperliquid Bridge ($5.87b)USDT0 ($3.283b)Unit ($573.73m)Merlins Seal ($349.3m)Axelar ($129.73m)

Frequently Asked Questions

What is Lighter?

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.

What is Lighter's TVL?

Lighter currently has $552.13m in total value locked. TVL has increased 2.9% over the past 30 days.

What chains does Lighter operate on?

Lighter operates on 4 chains: Arbitrum, Ethereum, Robinhood Chain, and zkLighter. Ethereum holds the largest share at 90.6%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $2.26m in fees. Of that, $1.84m was protocol revenue. Based on the trailing year, the annualized rate is $85.4m in fees and $65.92m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.35. Its circulating market capitalization is $587.55m, ranking it #123. Its fully diluted valuation is $2.35b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is down 0.8% over the past 7 days and up 8.1% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 70.1% 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 $112.25m in DEX volume over the past 30 days.