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Lighter
DEXOpen Interest
$128.31mKey Metrics
Volume (30d)$7.793b
7d$2.877b
24h$352.47m
All-time$27.112b
Turnover (30d)60.7x
Markets73
Reference Assets73
Asset Groups10
Share of DEX OI2.2%
Est. Fees (30d)$3.9m
24h$176,236
All-time$13.56m
Est. Annual$47.41m
Taker Fee0 bps
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| lighter:xauGold | Commodity Perp | Permissionless | $12.55m | -8.71% | $18.57m | $217.51m | $821.84m | XAU-USDC | $4,050 | +1.23% | 0% | +28.03% | 1h | 25x | $9,284 | $410,921 |
| lighter:googlAlphabet Inc. | Stock Perp | Permissionless | $10.57m | -1.28% | $20.64m | $158.22m | $262.62m | GOOGL-USDC | $324.64 | +2.05% | 0% | +322% | 1h | 20x | $10,318 | $131,310 |
| lighter:sndkSandisk Corporation | Stock Perp | Permissionless | $9.76m | +32.38% | $24.52m | $164.03m | $475.95m | SNDK-USDC | $1,372 | +8.72% | 0% | +329% | 1h | 20x | $12,258 | $237,976 |
| lighter:msftMicrosoft Corporation | Stock Perp | Permissionless | $7.25m | +3.57% | $7.27m | $67.61m | $131.33m | MSFT-USDC | $530.30 | +0.09% | 0% | +35.04% | 1h | 20x | $3,637 | $65,665 |
| lighter:qqqInvesco QQQ Trust, Series 1 | ETF Perp | Permissionless | $6.89m | -12.89% | $21.77m | $174.62m | $372.87m | QQQ-USDC | $725.11 | +1.98% | 0% | +28.03% | 1h | 30.03x | $10,886 | $186,436 |
| lighter:amznAmazon.com, Inc. | Stock Perp | Permissionless | $6.58m | +5.86% | $14.05m | $92.31m | $171.54m | AMZN-USDC | $254.40 | +2.15% | 0% | +224% | 1h | 20x | $7,026 | $85,768 |
| lighter:spyState Street SPDR S&P 500 ETF Trust | ETF Perp | Permissionless | $4.67m | -5.82% | $16.69m | $131.13m | $293.76m | SPY-USDC | $771.19 | +0.77% | 0% | +28.03% | 1h | 50x | $8,345 | $146,882 |
| lighter:wtiCrude Oil (WTI) | Commodity Perp | Permissionless | $4.63m | -9.41% | $18.71m | $151.05m | $370.83m | WTI-USDC | $101.20 | -1.13% | 0% | -28.03% | 1h | 20x | $9,356 | $185,414 |
| lighter:xagSilver | Commodity Perp | Permissionless | $4.51m | -0.36% | $16.42m | $139.41m | $454.08m | XAG-USDC | $54.04 | +1.90% | 0% | +35.04% | 1h | 25x | $8,212 | $227,040 |
| lighter:skhynixusdSK hynix Inc. | Stock Perp | Permissionless | $4.15m | +8.09% | $13.86m | $78.66m | $179.02m | SKHYNIXUSD-USDC | $1,117 | +9.77% | 0% | -449% | 1h | 10x | $6,930 | $89,512 |
| lighter:aaplApple Inc. | Stock Perp | Permissionless | $3.42m | +5.68% | $9.81m | $82.61m | $242.18m | AAPL-USDC | $346.15 | +0.83% | 0% | +28.03% | 1h | 20x | $4,906 | $121,090 |
| lighter:nvdaNVIDIA Corporation | Stock Perp | Permissionless | $3.4m | +16.56% | $11.65m | $97.47m | $300.69m | NVDA-USDC | $219.84 | +2.01% | 0% | +28.03% | 1h | 20x | $5,827 | $150,346 |
| lighter:brentoilCrude Oil (Brent) | Commodity Perp | Permissionless | $3.18m | -0.57% | $8.45m | $71.31m | $201.76m | BRENTOIL-USDC | $110.74 | -0.49% | 0% | -21.02% | 1h | 20x | $4,223 | $100,882 |
| lighter:metaMeta Platforms, Inc. | Stock Perp | Permissionless | $2.82m | +16.27% | $6.31m | $81.58m | $191.91m | META-USDC | $622.83 | -0.96% | 0% | +252% | 1h | 20x | $3,153 | $95,955 |
| lighter:intcIntel Corporation | Stock Perp | Permissionless | $2.75m | +5.10% | $5.16m | $35.71m | $101.65m | INTC-USDC | $95.88 | +6.32% | 0% | +133% | 1h | 10x | $2,582 | $50,827 |
| lighter:mstrStrategy Inc | Stock Perp | Permissionless | $2.54m | +1.43% | $817,542 | $9.74m | $43.21m | MSTR-USDC | $142.71 | +2.03% | 0% | +70.08% | 1h | 10x | $408.77 | $21,604 |
| lighter:samsungusdSamsung Electronics Co., Ltd. | Stock Perp | Permissionless | $2.52m | +9.76% | $2.95m | $19.59m | $77.76m | SAMSUNGUSD-USDC | $182.03 | +8.47% | 0% | -84.10% | 1h | 10x | $1,477 | $38,881 |
| lighter:coinCoinbase Global, Inc. | Stock Perp | Permissionless | $2.47m | +4.46% | $5.26m | $29.73m | $68.3m | COIN-USDC | $158.87 | -0.37% | 0% | +399% | 1h | 10x | $2,630 | $34,149 |
| lighter:us100Nasdaq-100 Index | Equity Index Perp | Permissionless | $2.45m | +6.18% | $43.78m | $331.38m | $973.24m | US100-USDC | $29,808 | +1.97% | 0% | +28.03% | 1h | 30.03x | $21,890 | $486,620 |
| lighter:anthropicAnthropic | PE Perp | Permissionless | $2.38m | -2.28% | $2.09m | $26.89m | $62.65m | ANTHROPIC-USDC | $1,926 | -0.92% | 0% | 0% | 1h | 5x | $1,046 | $31,326 |
| lighter:eurusdEuro | Forex Perps | Permissionless | $2.13m | -0.82% | $400,617 | $2.08m | $12.71m | EURUSD-USDC | $1.11 | -0.31% | 0% | 0% | 1h | 50x | $200.31 | $6,353 |
| lighter:tslaTesla, Inc. | Stock Perp | Permissionless | $1.88m | -0.48% | $7.23m | $89.03m | $221.85m | TSLA-USDC | $411.22 | +4.53% | 0% | +28.03% | 1h | 20x | $3,613 | $110,923 |
| lighter:spcxSpace Exploration Technologies Corp. | Stock Perp | Permissionless | $1.82m | -1.72% | $6.78m | $147.24m | $300.21m | SPCX-USDC | $149.99 | +1.51% | 0% | +161% | 1h | 20x | $3,389 | $150,103 |
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