100%
EthereumMaker Fee: 0%Taker Fee: 0%139 PairsToken: $LITVault APY: 12.079035924860918%
Key stats
TVL
$580.96M
Volume 24h
$811.84M
Open Interest
$652.24M
Daily Fees
$41.7K
New Users
45
Total Users
719,462
Pools & Vaults
297 totalLighter Liquidity Provider (LLP)
Main Poolinsurance
zkLighterAPY
12.1%
TVL
$104.71M
Label: native
Historical Data
Trading Pairs (146)
| Ticker | Name | Category | Max Leverage |
|---|---|---|---|
| 0G | 0G | crypto | 3x |
| AAPL | Apple | stocks | 10x |
| AAVE | Aave | crypto | 10x |
| ADA | ADA | crypto | 10x |
| AERO | AERO | crypto | 3x |
| AMD | AMD | stocks | 10x |
| AMZN | Amazon | stocks | 10x |
| APEX | APEX | crypto | 5x |
| APT | APT | crypto | 10x |
| ARB | Arbitrum | crypto | 15x |
| ARC | ARC | crypto | 3x |
| ASML | ASML | stocks | 10x |
| ASTER | ASTER | crypto | 5x |
| AUDUSD | AUD/USD | forex | 25x |
| AVAX | Avalanche | crypto | 10x |
| AVNT | AVNT | crypto | 3x |
| AXS | AXS | crypto | 5x |
| AZTEC | AZTEC | crypto | 3x |
| BCH | BCH | crypto | 10x |
| BERA | BERA | crypto | 5x |
| BIRB | BIRB | crypto | 3x |
| BMNR | Bitcoin Miners | indices | 10x |
| BNB | BNB | crypto | 20x |
| BONK | BONK | crypto | 10x |
| BOTZ | BOTZ | crypto | 10x |
| BTC | Bitcoin | crypto | 50x |
| CC | CC | crypto | 5x |
| COIN | Coinbase | stocks | 10x |
| CRCL | Circle | stocks | 10x |
| CRO | CRO | crypto | 3x |
| CRV | CRV | crypto | 10x |
| DASH | DASH | crypto | 10x |
| DIA | Dow Jones ETF | indices | 10x |
| DOGE | Dogecoin | crypto | 10x |
| DOLO | DOLO | crypto | 3x |
| DOT | DOT | crypto | 10x |
| DUSK | DUSK | crypto | 5x |
| DYDX | DYDX | crypto | 5x |
| EIGEN | EIGEN | crypto | 5x |
| ENA | ENA | crypto | 10x |
| ETH | Ethereum | crypto | 50x |
| ETHFI | ETHFI | crypto | 5x |
| EURUSD | EUR/USD | forex | 50x |
| FARTCOIN | FARTCOIN | crypto | 10x |
| FF | FF | crypto | 3x |
| FIL | FIL | crypto | 5x |
| FOGO | FOGO | crypto | 3x |
| GBPUSD | GBP/USD | forex | 25x |
| GMX | GMX | crypto | 5x |
| GOOGL | Alphabet (A) | stocks | 10x |
| GRASS | GRASS | crypto | 5x |
| HANMI | HANMI | crypto | 10x |
| HBAR | HBAR | crypto | 5x |
| HOOD | Robinhood | stocks | 10x |
| HYPE | HYPE | crypto | 20x |
| HYUNDAI | Hyundai | stocks | 10x |
| ICP | ICP | crypto | 5x |
| INTC | Intel | stocks | 10x |
| IP | IP | crypto | 10x |
| IWM | Russell 2000 ETF | indices | 10x |
| JTO | JTO | crypto | 3x |
| JUP | JUP | crypto | 10x |
| KAITO | KAITO | crypto | 5x |
| KRCOMP | KRCOMP | crypto | 10x |
| LDO | LDO | crypto | 10x |
| LINEA | LINEA | crypto | 3x |
| LINK | Chainlink | crypto | 10x |
| LIT | LIT | crypto | 5x |
| LTC | LTC | crypto | 10x |
| MET | MET | crypto | 5x |
| META | Meta | stocks | 10x |
| MNT | MNT | crypto | 5x |
| MON | MON | crypto | 5x |
| MORPHO | MORPHO | crypto | 5x |
| MSFT | Microsoft | stocks | 10x |
| MSTR | Strategy | stocks | 10x |
| MYX | MYX | crypto | 3x |
| NEAR | NEAR | crypto | 10x |
| NMR | NMR | crypto | 3x |
| NVDA | Nvidia | stocks | 10x |
| NZDUSD | NZD/USD | forex | 25x |
| ONDO | ONDO | crypto | 10x |
| OP | Optimism | crypto | 15x |
| PAXG | Gold (Tokenized) | commodities | 10x |
| PENDLE | PENDLE | crypto | 5x |
| PENGU | PENGU | crypto | 8x |
| PEPE | PEPE | crypto | 10x |
| PIPPIN | PIPPIN | crypto | 3x |
| PLTR | Palantir | stocks | 10x |
| POL | POL | crypto | 8x |
| POPCAT | POPCAT | crypto | 10x |
| PUMP | PUMP | crypto | 10x |
| PYTH | PYTH | crypto | 5x |
| QQQ | Nasdaq 100 ETF | indices | 20x |
| RESOLV | RESOLV | crypto | 3x |
| RIVER | RIVER | crypto | 3x |
| ROBO | ROBO | crypto | 3x |
| S | S | crypto | 5x |
| SEI | SEI | crypto | 10x |
| SHIB | SHIB | crypto | 10x |
| SKHX | SK Hynix | stocks | 10x |
| SKR | SKR | crypto | 3x |
| SKY | SKY | crypto | 10x |
| SMSN | Samsung | stocks | 10x |
| SNDK | SanDisk (WDC) | stocks | 10x |
| SOL | Solana | crypto | 25x |
| SPX | S&P 500 | indices | 5x |
| SPY | S&P 500 ETF | indices | 20x |
| STABLE | STABLE | crypto | 3x |
| STBL | STBL | crypto | 3x |
| STRC | STRC | crypto | 5x |
| STRK | STRK | crypto | 5x |
| SUI | SUI | crypto | 10x |
| SYRUP | SYRUP | crypto | 5x |
| TAO | TAO | crypto | 5x |
| TIA | TIA | crypto | 10x |
| TON | TON | crypto | 20x |
| TRUMP | TRUMP | crypto | 10x |
| TRX | TRX | crypto | 10x |
| TSLA | Tesla | stocks | 10x |
| UNI | Uniswap | crypto | 10x |
| URA | URA | indices | 10x |
| USDCAD | USD/CAD | forex | 25x |
| USDCHF | USD/CHF | forex | 25x |
| USDJPY | USD/JPY | forex | 25x |
| USDKRW | USD/KRW | forex | 25x |
| USELESS | USELESS | crypto | 3x |
| VIRTUAL | VIRTUAL | crypto | 5x |
| VVV | VVV | crypto | 3x |
| WIF | WIF | crypto | 10x |
| WLD | WLD | crypto | 10x |
| WLFI | WLFI | crypto | 5x |
| WTI | Crude Oil (WTI) | oil | 20x |
| XAG | Silver | commodities | 20x |
| XAU | Gold | commodities | 20x |
| XCU | Copper | commodities | 20x |
| XLM | XLM | crypto | 5x |
| XMR | XMR | crypto | 10x |
| XPD | Palladium | commodities | 20x |
| XPL | XPL | crypto | 10x |
| XPT | Platinum | commodities | 20x |
| XRP | XRP | crypto | 20x |
| YZY | YZY | crypto | 5x |
| ZEC | ZEC | crypto | 10x |
| ZORA | ZORA | crypto | 3x |
| ZRO | ZRO | crypto | 5x |
146 pairs total
Frequently Asked Questions
What is Lighter?▼
Lighter is a decentralized perpetual futures exchange built on a custom zero-knowledge rollup for Ethereum, where every order match, risk check, and liquidation is cryptographically verified on-chain. Founded in 2022 by Vladimir Novakovski — a Harvard graduate who entered college at age 18 and previously worked at quantitative trading firms — Lighter aims to democratize finance by eliminating trading fees for retail users while maintaining the security guarantees of Ethereum settlement. The platform encodes all critical operations including order matching, funding rate calculations, risk checks, and liquidations into zero-knowledge circuits, ensuring that Ethereum can verify proper execution before accepting state updates. This approach provides verifiable fairness that is impossible to achieve on centralized exchanges. Lighter supports isolated and cross-margin trading with up to 50x leverage across multiple perpetual futures markets. Lighter has raised a total of $89 million in funding, including a $68 million round in November 2025 at a $1.5 billion valuation, backed by Founders Fund, Ribbit Capital, Haun Ventures, Robinhood, and others. An earlier $21 million round in 2024 was led by Haun Ventures and Craft Ventures. The platform launched its public mainnet in October 2025 after 8 months of private beta, and has rapidly grown to become one of the top perpetual DEXs by volume, briefly surpassing Hyperliquid in September 2025.
What is the current TVL of Lighter?▼
Lighter currently has $580.96M in Total Value Locked (TVL).
What is Lighter's daily trading volume?▼
Details
Lighter is a decentralized perpetual futures exchange built on a custom zero-knowledge rollup for Ethereum, where every order match, risk check, and liquidation is cryptographically verified on-chain. Founded in 2022 by Vladimir Novakovski — a Harvard graduate who entered college at age 18 and previously worked at quantitative trading firms — Lighter aims to democratize finance by eliminating trading fees for retail users while maintaining the security guarantees of Ethereum settlement.
The platform encodes all critical operations including order matching, funding rate calculations, risk checks, and liquidations into zero-knowledge circuits, ensuring that Ethereum can verify proper execution before accepting state updates. This approach provides verifiable fairness that is impossible to achieve on centralized exchanges. Lighter supports isolated and cross-margin trading with up to 50x leverage across multiple perpetual futures markets.
Lighter has raised a total of $89 million in funding, including a $68 million round in November 2025 at a $1.5 billion valuation, backed by Founders Fund, Ribbit Capital, Haun Ventures, Robinhood, and others. An earlier $21 million round in 2024 was led by Haun Ventures and Craft Ventures. The platform launched its public mainnet in October 2025 after 8 months of private beta, and has rapidly grown to become one of the top perpetual DEXs by volume, briefly surpassing Hyperliquid in September 2025.
Key Features
Zero Trading Fees
Completely free trading for retail users — no maker or taker fees, democratizing access to perpetual futures
ZK-Verified Execution
Every order match, risk check, and liquidation is encoded in zero-knowledge circuits and verified by Ethereum before state updates
Custom ZK Rollup
Purpose-built zero-knowledge rollup on Ethereum designed specifically for high-performance derivatives trading