Key Metrics
Cumulative Fees$2.19m
Cumulative Fees by chain
Off Chain$2.19m
Cumulative Revenue$2.19m
Cumulative Revenue by chain
Off Chain$2.19m
DEX Volume 30d$7.44m
DEX Volume 30d by chain
Bitcoin$7.44m
DEX Volume 7d$2.01m
Bitcoin$2.01m
DEX Volume 24h$280,089
Bitcoin$280,089
Cumulative DEX Volume$334.22m
Bitcoin$334.22m
Cumulative Perp Volume$17.384b
Cumulative Perp Volume by chain
Off Chain$17.384b
Protocol Information
The first Orderbook on Lightning Network, LN Exchange is a vertically integrated, decentralized trading platform featuring peer-to-peer, spot, and perpetual orderbook trading for Bitcoins and Taproot Assets
- LN Exchange SpotDexs
- LN Exchange PerpsDerivatives
Methodology
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
LN Exchange history
Fees and revenue by UTC calendar month, Oct 2024 to Aug 2026
| Month | Fees | Revenue |
|---|---|---|
| Oct 2024 | $9 | $9 |
| Nov 2024 | $214 | $214 |
| Dec 2024 | $1,800 | $1,800 |
| Jan 2025 | $143,851 | $143,851 |
| Feb 2025 | $338,465 | $338,465 |
| Mar 2025 | $425,606 | $425,606 |
| Apr 2025 | $273,496 | $273,496 |
| May 2025 | $270,727 | $270,727 |
| Jun 2025 | $232,216 | $232,216 |
| Jul 2025 | $268,767 | $268,767 |
| Aug 2025 | $99,362 | $99,362 |
| Sep 2025 | $76,902 | $76,902 |
| Oct 2025 | $52,089 | $52,089 |
| Nov 2025 | $2,992 | $2,992 |
| Dec 2025 | $748 | $748 |
| Jan 2026 | $707 | $707 |
| Feb 2026 | $133 | $133 |
| Mar 2026 | $43 | $43 |
| Apr 2026 | $22 | $22 |
| May 2026 | $39.79 | $39.79 |
| Jun 2026 | $60.07 | $60.07 |
| Jul 2026 | $44.06 | $44.06 |
| Aug 2026 | $5.29 | $5.29 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/ln-exchange
Frequently asked questions
What chains does LN Exchange operate on?
LN Exchange operates on 2 chains: Bitcoin and Off Chain.
Which protocols are included in LN Exchange?
LN Exchange is a parent protocol whose tracked products include LN Exchange Spot and LN Exchange Perps.
How much trading volume does LN Exchange process?
LN Exchange processed $7.44m in DEX volume over the past 30 days.

