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Lighter
DEXOpen Interest
$119.47mKey Metrics
Volume (30d)$10.504b
7d$3.806b
24h$720.16m
All-time$76.079b
Turnover (30d)87.9x
Markets71
Reference Assets70
Asset Groups11
Share of DEX OI3.4%
Est. Fees (30d)$0
24h$0
All-time$0
Est. Annual$0
Taker Fee0 bps
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| lighter:xauGold | Commodity Perp | Permissionless | $10.42m | -2.10% | $40.3m | $282.28m | $849.81m | XAU-USDC | $4,060 | -0.67% | 0% | +0.44% | 8h | 25x | $0 | $0 |
| lighter:qqqInvesco QQQ Trust, Series 1 | ETF Perp | Permissionless | $10.12m | +6.02% | $63.81m | $318.22m | $679.31m | QQQ-USDC | $656.47 | +1.94% | 0% | +2.41% | 8h | 30x | $0 | $0 |
| lighter:googlAlphabet Inc. | Stock Perp | Permissionless | $6.62m | +5.29% | $13.91m | $103.84m | $401.31m | GOOGL-USDC | $282.06 | +1.05% | 0% | +0.99% | 8h | 20x | $0 | $0 |
| lighter:spyState Street SPDR S&P 500 ETF Trust | ETF Perp | Permissionless | $6.42m | +6.63% | $42.29m | $215.67m | $487.49m | SPY-USDC | $734.59 | +0.58% | 0% | +1.86% | 8h | 50x | $0 | $0 |
| lighter:aaplApple Inc. | Stock Perp | Permissionless | $5.26m | -17.52% | $28.59m | $213.51m | $448.92m | AAPL-USDC | $340.11 | -0.65% | 0% | +0.44% | 8h | 20x | $0 | $0 |
| lighter:nvdaNVIDIA Corporation | Stock Perp | Permissionless | $5.03m | -7.13% | $26.32m | $133.14m | $390.95m | NVDA-USDC | $189.17 | +4.71% | 0% | +1.97% | 8h | 20x | $0 | $0 |
| lighter:xagSilver | Commodity Perp | Permissionless | $4.04m | -0.26% | $13.74m | $118.89m | $480m | XAG-USDC | $52.11 | +0.98% | 0% | +0.44% | 8h | 25x | $0 | $0 |
| lighter:us100Nasdaq-100 Index | Equity Index Perp | Permissionless | $3.89m | -6.83% | $95.16m | $498.82m | $1.243b | US100-USDC | $26,963 | +1.88% | 0% | +0.44% | 8h | 30x | $0 | $0 |
| lighter:skhynixusdSK hynix Inc. | Stock Perp | Permissionless | $3.85m | -24.57% | $37.31m | $135.05m | $323.77m | SKHYNIXUSD-USDC | $868.28 | +6.83% | 0% | -23.98% | 8h | 10x | $0 | $0 |
| lighter:muMicron Technology, Inc. | Stock Perp | Permissionless | $3.72m | +10.77% | $45.61m | $130.83m | $286.97m | MU-USDC | $701.02 | +6.90% | 0% | +3.39% | 8h | 20x | $0 | $0 |
| lighter:wtiCrude Oil (WTI) | Commodity Perp | Permissionless | $3.7m | +5.65% | $21.82m | $126.2m | $428.73m | WTI-USDC | $90.46 | -0.89% | 0% | -13.14% | 8h | 20x | $0 | $0 |
| lighter:sndkSandisk Corporation | Stock Perp | Permissionless | $3.52m | +15.39% | $44.69m | $218.58m | $634.23m | SNDK-USDC | $881.23 | +9.03% | 0% | +4.38% | 8h | 20x | $0 | $0 |
| lighter:soxlDirexion Daily Semiconductor Bull 3X Shares | ETF Perp | Permissionless | $3.5m | +3.08% | $50.45m | $159.95m | $305.39m | SOXL-USDC | $47.29 | +17.32% | 0% | +2.63% | 8h | 20x | $0 | $0 |
| lighter:metaMeta Platforms, Inc. | Stock Perp | Permissionless | $2.96m | +4.06% | $10.79m | $58.15m | $239.06m | META-USDC | $604.48 | +0.81% | 0% | +0.44% | 8h | 20x | $0 | $0 |
| lighter:natgasNatural Gas | Commodity Perp | Permissionless | $2.79m | +16.31% | $5m | $9.4m | $30.55m | NATGAS-USDC | $3.06 | +2.50% | 0% | +137% | 8h | 10x | $0 | $0 |
| lighter:brentoilCrude Oil (Brent) | Commodity Perp | Permissionless | $2.75m | +2.71% | $16.72m | $79.48m | $247.88m | BRENTOIL-USDC | $97.74 | -1.46% | 0% | -30.33% | 8h | 20x | $0 | $0 |
| lighter:tslaTesla, Inc. | Stock Perp | Permissionless | $2.67m | +13.26% | $11.91m | $65.86m | $281.33m | TSLA-USDC | $348.16 | +2.92% | 0% | +0.44% | 8h | 20x | $0 | $0 |
| lighter:intcIntel Corporation | Stock Perp | Permissionless | $2.58m | +38.03% | $7.25m | $55m | $157.23m | INTC-USDC | $54.77 | +6.67% | 0% | +5.69% | 8h | 10x | $0 | $0 |
| lighter:anthropicAnthropic | PE Perp | Permissionless | $2.45m | -1.01% | $4.51m | $32.31m | $93.34m | ANTHROPIC-USDC | $1,610 | -1.51% | 0% | +0.11% | 8h | 5x | $0 | $0 |
| lighter:msftMicrosoft Corporation | Stock Perp | Permissionless | $2.4m | +5.38% | $8.03m | $48.33m | $186.56m | MSFT-USDC | $530.56 | +0.17% | 0% | +0.44% | 8h | 20x | $0 | $0 |
| lighter:amznAmazon.com, Inc. | Stock Perp | Permissionless | $2.21m | -0.76% | $8.93m | $64.38m | $254.13m | AMZN-USDC | $260.33 | +1.88% | 0% | +0.44% | 8h | 20x | $0 | $0 |
| lighter:eurusdEuro | Forex Perps | Permissionless | $2.14m | -8.45% | $896,083 | $5.12m | $14.81m | EURUSD-USDC | $1.12 | -0.53% | 0% | 0% | 8h | 50x | $0 | $0 |
| lighter:us500S&P 500 Index | Equity Perp | Permissionless | $2.08m | +6.85% | $39.25m | $167.18m | $447.35m | US500-USDC | $7,363 | +0.59% | 0% | +0.44% | 8h | 50x | $0 | $0 |
About Lighter
Lighter is a verifiable zero-fee perpetual contract DEX built as a custom ZK-rollup on Ethereum, founded by Vladimir Novakovski (former Citadel quant). The protocol generates ZK proofs of all order matching and liquidations and operates a fully on-chain order book targeting CEX-grade execution. Markets cover equities, ETFs, equity indices, and commodities alongside crypto, with positions margined and cash-settled in USDC. Lighter began ZK-rollup development in 2023, launched mainnet in October 2024, and raised $68M at a $1.5B valuation in November 2025 from Founders Fund, Ribbit Capital, Haun Ventures, and Robinhood.
Entity
Legal entityLighter Labs
Primary chainEthereum
Registry
Lighter Labs was founded by Vladimir Novakovski, formerly a quantitative engineer/trader at Citadel. The team began developing its own ZK-rollup in 2023; mainnet launched in October 2024 and the company raised $68M at a $1.5B valuation in November 2025 from Founders Fund, Ribbit Capital, Haun Ventures, and Robinhood (a rare strategic investment from the broker).
Markets
Open Interest by asset group
Asset classes
Fees & revenue
Revenue modelMaker/Taker Fees
ConfidenceIssuer-Disclosed
Perp Maker Fee0 bps
Perp Taker Fee0 bps
Perp Funding Retention0%
Margin Settlement AssetsUSDC
Fees Last Verified2026-05-11
Lighter perpetuals are FREE to trade for standard accounts (0 bps maker / 0 bps taker). Premium accounts (lower latency tier) pay 0.2 bps maker / 2 bps taker. Premium accounts can stake LIT for further fee discounts. Lighter is a zk-rollup perp DEX with no separate RWA fee tier - same fees apply to crypto and RWA markets. Source: https://docs.lighter.xyz/perpetual-futures/fees