Ask about Lighter
Logo of LighterLighter(LIT)
Total Value Locked$545.47m

TVL by Chain

Ethereum$507.61m

Robinhood Chain$37.86m

Arbitrum$2,095

Key Metrics

Fees (Annualized)$86.25m
Fees 30d$2.31m

zkLighter$2.28m

Robinhood Chain$30,201

Fees 7d$355,742

zkLighter$334,798

Robinhood Chain$20,944

Fees 24h$60,744

zkLighter$49,505

Robinhood Chain$11,239

Cumulative Fees$72.54m

zkLighter$72.51m

Robinhood Chain$30,201

Revenue (Annualized)$66.53m
Revenue 30d$1.85m

zkLighter$1.82m

Robinhood Chain$26,854

Revenue 7d$329,916

zkLighter$311,554

Robinhood Chain$18,362

Revenue 24h$57,017

zkLighter$46,363

Robinhood Chain$10,654

Cumulative Revenue$55.96m

zkLighter$55.93m

Robinhood Chain$26,854

Holders Revenue (Annualized)$40.14m
Holders Revenue 30d$1.75m

zkLighter$1.75m

Robinhood Chain$0

Holders Revenue 7d$283,107

zkLighter$283,107

Robinhood Chain$0

Holders Revenue 24h$38,907

zkLighter$38,907

Robinhood Chain$0

Cumulative Holders Revenue$24.41m

zkLighter$24.41m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$66.53m

$1.85m

$329,916

$57,017

$55.96m

DEX Volume 30d$119.99m
DEX Volume 30d by chain

zkLighter$117.64m

Robinhood Chain$2.35m

DEX Volume 7d$24.45m

zkLighter$22.43m

Robinhood Chain$2.02m

DEX Volume 24h$4.62m

zkLighter$3.49m

Robinhood Chain$1.13m

Cumulative DEX Volume$11.292b

zkLighter$6.928b

Arbitrum$4.361b

Robinhood Chain$2.42m

Perp Volume 30d$32.985b
Perp Volume 30d by chain

zkLighter$32.671b

Robinhood Chain$314.53m

Perp Volume 7d$6.543b

zkLighter$6.308b

Robinhood Chain$235m

Perp Volume 24h$1.061b

zkLighter$913.45m

Robinhood Chain$147.82m

Cumulative Perp Volume$1.747t

zkLighter$1.747t

Robinhood Chain$347.41m

$894.29m

Market Cap$564.24m

$LIT Price$2.26

All Time High$7.86

All Time Low$0.78

View $LIT token page

$2.257b

$1.695b

$LIT Volume 24h$25.78m

CEX Volume$20.12m

DEX Volume$5.65m(21.92% 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)10,052

New Addresses (24h)496

Transactions (24h)1.27m

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 ($6.671b)CCIP ($1.79b)Portal ($1.356b)Aster Bridge ($437.78m)SolvBTC ($409.64m)Hyperliquid Bridge ($5.874b)USDT0 ($3.262b)Unit ($553.05m)Merlins Seal ($341.99m)Axelar ($131.17m)

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 $545.47m in total value locked. TVL has increased 5.8% 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 93.1%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $2.31m in fees. Of that, $1.85m was protocol revenue. Based on the trailing year, the annualized rate is $86.25m in fees and $66.53m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $2.26. Its circulating market capitalization is $564.24m, ranking it #122. Its fully diluted valuation is $2.257b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is down 4.3% over the past 7 days and down 5.7% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 71.2% 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 $119.99m in DEX volume over the past 30 days.