Perp DEXProof of reserves

Lighter

Order-book perpetual and spot exchange built as an app-specific ZK rollup on Ethereum, with verifiable matching and liquidations and zero fees on standard accounts.

Open Lighter ↗Arbitrage

Volume (24h)$836.43MUSDT markets tracked live

Coins211with USDT pairs

Spot / Perp markets0 / 211tracked by ArbiLayer

Base fees0% / 0%maker / taker, perp

About Lighter

Order-book perpetual and spot exchange built as an app-specific ZK rollup on Ethereum, with verifiable matching and liquidations and zero fees on standard accounts.

Trading fees

Official fee schedule ↗

Spot

Maker0%

Taker0%

Base tier

Perpetuals

Maker0%

Taker0%

Base tier

Standard account (default): 0% maker / 0% taker on perps and spot, with 200 ms maker and 300 ms taker latency
Premium account (opt-in, 140 ms latency): 0.004% maker / 0.028% taker before LIT staking discounts
Plus account (opt-in): 0.005% maker and taker with higher rate limits
Referred users get one week of Premium with fees rebated (up to $10M volume)

New users

Weekly points drops and a free Premium trial week via referral

Retail points Season 2: 200,000 points distributed every Friday based on volume, open interest, funding, liquidations and PnL
Lighter on Robinhood Chain points: weekly Friday drops since 21 Aug 2026
Referral sign-ups get one week of Premium with trading fees rebated (capped at $10M volume)
Referrers earn 10% / 20% / 30% of referees' fees (Bronze / Silver / Gold)

Claim on Lighter ↗Terms and regional eligibility vary. Check the offer page before signing up.

Premium account LIT staking tiers

VIP program ↗

Tier is based on staked LIT aggregated across main and sub-accounts at the L1 address; applies to Premium account fees on perps and spot.

TierRequirementSpot makerSpot takerPerp makerPerp taker

Premium 00 LIT staked0.004%0.028%0.004%0.028%

Premium 1,0001,000 LIT staked (2.5% off)0.0039%0.0273%0.0039%0.0273%

Premium 3,0003,000 LIT staked (5% off)0.0038%0.0266%0.0038%0.0266%

Premium 10,00010,000 LIT staked (10% off)0.0036%0.0252%0.0036%0.0252%

Premium 30,00030,000 LIT staked (15% off)0.0034%0.0238%0.0034%0.0238%

Premium 100,000100,000 LIT staked (20% off)0.0032%0.0224%0.0032%0.0224%

Premium 300,000300,000 LIT staked (25% off)0.003%0.021%0.003%0.021%

Premium 500,000500,000 LIT staked (30% off)0.0028%0.0196%0.0028%0.0196%

PlusOpt-in account for high-volume traders, higher rate limits0.005%0.005%0.005%0.005%

Transparency & assets

✓ Reserves verifiedReport ↗

Proof of reserves

On-chain, verifiable

Assets on-chain

$755.01M

Snapshot

Oct 1, 2026

Frequency

Real-time

TVL about $755M per DefiLlama (2026-10-01), on Ethereum, Arbitrum and Robinhood Chain
L2BEAT shows total value secured of about $1.26B; ZK validity proofs, Ethereum blob data availability, escape hatch for forced exits
Order matching and liquidations are verifiable via ZK proofs

Company

Founded

2022

Headquarters

Lighter, Inc. (Delaware corporation, United States)

Runs on

App-specific ZK rollup settling on Ethereum (data posted as blobs; L2BEAT Stage 0)

Token

LITStaking unlocks LLP deposits (1 LIT per 10 USDC) and Premium-account fee discounts up to 30%; staking rewards; buybacks funded by fee revenue. TGE 30 Dec 2025, 1B fixed supply, 25% airdropped to points holders

Founders

VNVladimir NovakovskiFounder

Leadership

VNVladimir NovakovskiFounder

Products

Perpetual futuresSpotLLP liquidity pool / public poolsLIT stakingLighter on Robinhood Chain

Not available in

United StatesCanadaUnited KingdomChinaNorth KoreaRussiaUkraineCubaIranVenezuelaSudanBelarusMyanmarSyriaSanctioned persons

Incidents & regulatory history

202510-11 Oct 2025: during the market-wide liquidation cascade the exchange was down for about 4.5 hours due to database growth issues; the LLP vault fell about 5% and affected users were compensated with points.

Volume, last 7 days

7 days agonow

Top markets

ArbiLayer does not track live markets on this exchange yet.

Sources · checked Oct 1, 2026