Logo of LighterLighter(LIT)
Total Value Locked$695.36m

TVL by Chain

Ethereum$619.21m

Robinhood Chain$76.14m

Arbitrum$2,099

Key Metrics

Fees 30d$5.25m
Fees 30d by chain

zkLighter$4.1m

Robinhood Chain$1.15m

Fees 7d$958,883

zkLighter$619,707

Robinhood Chain$339,176

Fees 24h$175,408

zkLighter$120,182

Robinhood Chain$55,226

Cumulative Fees$77.59m

zkLighter$76.42m

Robinhood Chain$1.16m

Revenue 30d$4m
Revenue 30d by chain

zkLighter$3.08m

Robinhood Chain$918,555

Revenue 7d$828,788

zkLighter$514,896

Robinhood Chain$313,892

Revenue 24h$136,354

zkLighter$85,840

Robinhood Chain$50,514

Cumulative Revenue$59.77m

zkLighter$58.84m

Robinhood Chain$928,252

Holders Revenue 30d$3.01m
Holders Revenue 30d by chain

zkLighter$3.01m

Robinhood Chain$0

Holders Revenue 7d$521,976

zkLighter$521,976

Robinhood Chain$0

Holders Revenue 24h$85,433

zkLighter$85,433

Robinhood Chain$0

Cumulative Holders Revenue$27.27m

zkLighter$27.27m

Robinhood Chain$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$65.32m

$4m

$828,788

$136,354

$59.77m

DEX Volume 30d$436.04m
DEX Volume 30d by chain

zkLighter$309.82m

Robinhood Chain$126.22m

DEX Volume 7d$170.39m

zkLighter$104.68m

Robinhood Chain$65.71m

DEX Volume 24h$27.32m

Robinhood Chain$14.48m

zkLighter$12.84m

Cumulative DEX Volume$11.717b

zkLighter$7.228b

Arbitrum$4.361b

Robinhood Chain$127.15m

Perp Volume 30d$49.655b
Perp Volume 30d by chain

zkLighter$41.867b

Robinhood Chain$7.787b

Perp Volume 7d$10.235b

zkLighter$7.958b

Robinhood Chain$2.277b

Perp Volume 24h$1.744b

zkLighter$1.385b

Robinhood Chain$359.1m

Cumulative Perp Volume$1.79t

zkLighter$1.782t

Robinhood Chain$7.911b

$1.434b

Market Cap$1.114b

$LIT Price$4.46

All Time High$7.86

All Time Low$0.78

View $LIT token page

$4.456b

$3.345b

$LIT Volume 24h$94.81m

CEX Volume$82.66m

DEX Volume$14.87m(15.69% 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.

WebsiteTwitter
Categories:BridgeDerivativesDexs
Products:

User Activity

Active Addresses (24h)21,060

New Addresses (24h)483

Transactions (24h)1.58m

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

Frequently Asked Questions

What is Lighter's TVL?

Lighter currently has $695.36m in total value locked. TVL has increased 33.3% over the past 30 days.

What chains does Lighter operate on?

Lighter operates on 4 chains: Arbitrum, Ethereum, zkLighter, and Robinhood Chain. Ethereum holds the largest share at 89%.

How much has Lighter generated in fees and revenue?

Over the past 30 days, Lighter generated $5.25m in fees. Of that, $4m was protocol revenue. Based on the trailing year, the annualized rate is $84.79m in fees and $65.32m in revenue.

What is the LIT token price and valuation?

LIT is currently trading at $4.43. Its circulating market capitalization is $1.11b, ranking it #92. Its fully diluted valuation is $4.438b. Supply currently stands at 250m circulating, 1b total supply, 1b maximum supply.

How has LIT performed recently?

LIT is down 8.6% over the past 7 days and up 86.9% over the past 30 days. Its all-time high is $7.86, reached on Dec 30, 2025. The token is currently 43.6% 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 $436.04m in DEX volume over the past 30 days.