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Logo of LighterLighter(LIT)
Total Value Locked$521.3m

TVL by Chain

Ethereum$521.3m

Arbitrum$2,095

Key Metrics

Fees (Annualized)$95.62m
Fees 30d$3.78m

zkLighter$3.78m

Fees 7d$666,798

zkLighter$666,798

Fees 24h$100,610

zkLighter$100,610

Cumulative Fees$69.16m

zkLighter$69.16m

Revenue (Annualized)$73.62m
Revenue 30d$2.83m

zkLighter$2.83m

Revenue 7d$527,652

zkLighter$527,652

Revenue 24h$85,135

zkLighter$85,135

Cumulative Revenue$53.25m

zkLighter$53.25m

Holders Revenue (Annualized)$44.52m
Holders Revenue 30d$2.78m

zkLighter$2.78m

Holders Revenue 7d$534,944

zkLighter$534,944

Holders Revenue 24h$76,228

zkLighter$76,228

Cumulative Holders Revenue$21.83m

zkLighter$21.83m

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$73.62m

Earnings 30d$2.83m

Earnings 7d$527,652

Earnings 24h$85,135

Cumulative Earnings$53.25m

DEX Volume 30d$213.68m
DEX Volume 30d by chain

zkLighter$213.68m

DEX Volume 7d$52.81m

zkLighter$52.81m

DEX Volume 24h$10.23m

zkLighter$10.23m

Cumulative DEX Volume$11.043b

zkLighter$6.682b

Arbitrum$4.361b

Perp Volume 30d$45.98b
Perp Volume 30d by chain

zkLighter$45.98b

Perp Volume 7d$9.556b

zkLighter$9.556b

Perp Volume 24h$1.459b

zkLighter$1.459b

Cumulative Perp Volume$1.7t

zkLighter$1.7t

Open Interest$780.95m

Market Cap$527.02m

$LIT Price$2.11

All Time High$7.86

All Time Low$0.78

Fully Diluted Valuation$2.108b

Outstanding FDV$1.583b

$LIT Volume 24h$66.61m

CEX Volume$39.97m

DEX Volume$19.46m(29.22% 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:

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 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

User Activity

Active Addresses (24h)16,063

New Addresses (24h)1,061

Transactions (24h)1.65m