Ask about Lighter RWA Perps · free
Lighter
DEXOpen Interest
$115.07mKey Metrics
Volume (30d)$6.8b
7d$2.161b
24h$280.08m
All-time$23.891b
Turnover (30d)59.1x
Markets73
Reference Assets73
Asset Groups10
Share of DEX OI2.1%
Est. Fees (30d)$3.4m
24h$140,042
All-time$11.95m
Est. Annual$41.37m
Taker Fee0 bps
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| lighter:xauGold | Commodity Perp | Permissionless | $16.1m | -2.55% | $14.37m | $198.18m | $889.98m | XAU-USDC | $4,166 | -0.20% | 0% | +28.03% | 1h | 25x | $7,183 | $444,988 |
| lighter:qqqInvesco QQQ Trust, Series 1 | ETF Perp | Permissionless | $6.23m | +29.43% | $17.47m | $92.07m | $281.64m | QQQ-USDC | $710.31 | -2.40% | 0% | +28.03% | 1h | 30.03x | $8,736 | $140,822 |
| lighter:metaMeta Platforms, Inc. | Stock Perp | Permissionless | $5m | +156% | $11.71m | $64.1m | $122.82m | META-USDC | $710.03 | -4.12% | 0% | +28.03% | 1h | 20x | $5,854 | $61,412 |
| lighter:tslaTesla, Inc. | Stock Perp | Permissionless | $4.94m | +194% | $15.04m | $79.37m | $124.97m | TSLA-USDC | $353.60 | -5.58% | 0% | +28.03% | 1h | 20x | $7,520 | $62,484 |
| lighter:wtiCrude Oil (WTI) | Commodity Perp | Permissionless | $4.84m | +15.69% | $14.61m | $84.24m | $322.47m | WTI-USDC | $98.93 | +2.73% | 0% | +28.03% | 1h | 20x | $7,306 | $161,236 |
| lighter:aaplApple Inc. | Stock Perp | Permissionless | $4.77m | +7.37% | $17.52m | $112.28m | $175.75m | AAPL-USDC | $343.35 | +0.05% | 0% | +84.10% | 1h | 20x | $8,761 | $87,873 |
| lighter:googlAlphabet Inc. | Stock Perp | Permissionless | $4.54m | +99.91% | $10.19m | $58.35m | $119.83m | GOOGL-USDC | $340.53 | -2.74% | 0% | +28.03% | 1h | 20x | $5,097 | $59,913 |
| lighter:spyState Street SPDR S&P 500 ETF Trust | ETF Perp | Permissionless | $4.42m | +3.26% | $9.6m | $67.96m | $232.59m | SPY-USDC | $763.86 | -1.24% | 0% | +28.03% | 1h | 50x | $4,801 | $116,297 |
| lighter:xagSilver | Commodity Perp | Permissionless | $4.37m | -1.60% | $10.99m | $130.65m | $406.25m | XAG-USDC | $57.10 | -1.20% | 0% | +28.03% | 1h | 25x | $5,496 | $203,123 |
| lighter:nvdaNVIDIA Corporation | Stock Perp | Permissionless | $4.28m | +21.08% | $10.57m | $101.98m | $230.21m | NVDA-USDC | $214.99 | -1.13% | 0% | +28.03% | 1h | 20x | $5,287 | $115,105 |
| lighter:sndkSandisk Corporation | Stock Perp | Permissionless | $3.55m | -8.86% | $13.88m | $145.82m | $410.07m | SNDK-USDC | $1,299 | -4.98% | 0% | +28.03% | 1h | 20x | $6,940 | $205,035 |
| lighter:skhynixusdSK hynix Inc. | Stock Perp | Permissionless | $3.34m | -10.19% | $1.96m | $51.04m | $120.83m | SKHYNIXUSD-USDC | $923.86 | -3.01% | 0% | -21.02% | 1h | 10x | $981.01 | $60,415 |
| lighter:spcxSpace Exploration Technologies Corp. | Stock Perp | Permissionless | $2.87m | +7.35% | $7.04m | $69.91m | $186.02m | SPCX-USDC | $145.79 | -3.05% | 0% | +28.03% | 1h | 20x | $3,518 | $93,013 |
| lighter:msftMicrosoft Corporation | Stock Perp | Permissionless | $2.66m | +50.84% | $6.5m | $40.72m | $64.35m | MSFT-USDC | $528.12 | -2.42% | 0% | +28.03% | 1h | 20x | $3,250 | $32,176 |
| lighter:mstrStrategy Inc | Stock Perp | Permissionless | $2.59m | -6.98% | $1.04m | $10.3m | $49.54m | MSTR-USDC | $136.41 | -7.55% | 0% | +28.03% | 1h | 10x | $519.92 | $24,769 |
| lighter:anthropicAnthropic | PE Perp | Permissionless | $2.51m | +8.46% | $1.85m | $22.91m | $82.91m | ANTHROPIC-USDC | $1,946 | -2.65% | 0% | 0% | 1h | 5x | $926.66 | $41,454 |
| lighter:us100Nasdaq-100 Index | Equity Index Perp | Permissionless | $2.31m | +2.44% | $35.61m | $236.31m | $1.198b | US100-USDC | $29,195 | -2.39% | 0% | +28.03% | 1h | 30.03x | $17,803 | $599,184 |
| lighter:samsungusdSamsung Electronics Co., Ltd. | Stock Perp | Permissionless | $2.18m | +7.45% | $1.02m | $14.21m | $79.54m | SAMSUNGUSD-USDC | $157.45 | -3.00% | 0% | +28.03% | 1h | 10x | $510.44 | $39,771 |
| lighter:amznAmazon.com, Inc. | Stock Perp | Permissionless | $2.13m | +77.82% | $6.49m | $50.06m | $77.97m | AMZN-USDC | $249.89 | -2.07% | 0% | +28.03% | 1h | 20x | $3,247 | $38,987 |
| lighter:brentoilCrude Oil (Brent) | Commodity Perp | Permissionless | $2.04m | +45.19% | $4.78m | $49.91m | $183.56m | BRENTOIL-USDC | $106.93 | +3.57% | 0% | +28.03% | 1h | 20x | $2,391 | $91,782 |
| lighter:eurusdEuro | Forex Perps | Permissionless | $2m | -0.18% | $76,559 | $3.81m | $15.02m | EURUSD-USDC | $1.12 | -0.18% | 0% | 0% | 1h | 50x | $38.28 | $7,511 |
| lighter:soxlDirexion Daily Semiconductor Bull 3X ETF | ETF Perp | Permissionless | $1.92m | +2.02% | $5.6m | $39.32m | $88.51m | SOXL-USDC | $94.28 | -9.15% | 0% | -77.09% | 1h | 20x | $2,802 | $44,254 |
| lighter:paxgPax Gold | Commodity Perp | Permissionless | $1.78m | -4.44% | $340,018 | $3.35m | $14.87m | PAXG-USDC | $4,162 | -0.21% | 0% | -119% | 1h | 25x | $170.01 | $7,435 |
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 (Lighter ZK-rollup)
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