LIT

#101

Lighter

Networks+1 · Decentralized Exchange+1

LIT#101

Mcap$681M

$2.731.89%

· Undisclosed

Overview Monitoring Markets News More

Spot Volume (24H)

$215M+343.58%

Marketcap

$681M

FDV

$2.68B

Mindshare

Low

Metrics (24H)

10 Notable Posts

Circ. Supply

250.0M

Sentiment

24H

Max Supply

1.0B

Mcap/FDV

25.46%

Total Supply

981.9M

Sector Ranking

#30

Futures Volume

$78.43M

Open Interest

$138M

Volatility (30D)

114.34%

Next Unlock

6.94% of Circulating Supply

Lighter is a zero-knowledge rollup exchange stack with a matching engine, risk engine, and batch prover that generates SNARK proofs for order matching and liquidations verified on Ethereum. It supports market, limit, stop-loss, take-profit, and TWAP orders, and matches using price-time priority with risk checks after each trade. Funding payments settle hourly and flow peer-to-peer between longs and shorts. Liquidations follow a staged waterfall and use an LLP insurance fund, including partial liquidation and auto-deleveraging. Standard accounts have 0 maker and 0 taker fees.

Sector

Networks

Sector Rank

#34, #30

Sub-Sector

Decentralized Exchange

Sub-Sector Rank

#3, #4

Contracts

API ID

Social

Resources

Analytics

Block Explorer

Content

Vladimir Novakovski

Lifetime Price Performance -9.19%

All Time High

$5.50-50.41%

Sep 24, 2026

Cycle Low

$2.70+1.02%

Oct 29, 2026

First Trade

Jan 02, 2026 on

BingX

LIT Chart

All Charts

$2.73

30.38% Past Month

Price

$2.7330.38%

Fees

NEW

$3.60M4.72%

Mindshare

0.0%14.33%

LIT

More Charts

Spot Volume (24H)

$215M+343.58%

Marketcap

$681M

Mindshare

Low

Sentiment Chg

24H

All News

Create Your Own Report

Last Updated: Oct-29-2026 9:56 UTC

Lighter Project Update

Get Caught Up

Robinhood Chain ecosystem momentum. Robinhood Chain, the Layer-2 network where Lighter operates as the perpetuals partner, generated over $80 billion of DEX volume and more than $50 million in fees in its first mainnet quarter, contributing $26 million to crypto revenue and ranking among the top five chains by revenue and volume 1. CEO Vlad Tenev pledged greater investment in developers, citing plans for programmable tokenized stocks and options, underscoring a strategic pivot toward on-chain finance 1. This matters for Lighter because its Robinhood Chain deployment is the first instance of "Lighter Domains" — independent Lighter instances with separate execution, sequencing, blockspace, and liquidity — positioning the exchange at the center of a rapidly growing distribution channel 2.

Lighter's prover performance push. Eigen Labs and Lighter launched an open "autoresearch" challenge offering 15,000 LIT for developers and AI agents to compete to improve the performance of Lighter's production zero-knowledge prover, with participants already making the prover roughly 3.3 times faster 3. A zero-knowledge prover is the component that generates cryptographic proofs confirming that exchange transactions were processed correctly; improving its throughput directly reduces the cost and latency of running the exchange 3. The competition follows earlier Eigen Labs challenges and signals Lighter's focus on scaling its core infrastructure ahead of broader expansion 3.

Founder's strategic vision and revenue growth. In a recent interview, founder Vladimir Novakovski explained that Lighter uses 3,000 Mac Minis to generate zero-knowledge proofs for every transaction — including orders, cancellations, and liquidations — to ensure fairness for all participants . He noted that Lighter's revenue has grown from $70,000 per day on a 7-day average to $100,000 per day, with current margins for provers at 10% of revenue, and clarified that the LIT token represents 100% of Lighter's equity, meaning all future value and quarterly buybacks accrue directly to token holders . The platform is also expanding into options on pre-IPO stocks, which Novakovski believes will open significant opportunities for institutional traders .

Biggest Stories of 2025

Lighter LLP adds spot inventory. The Lighter Liquidity Provider (LLP) — the protocol's insurance and market-making fund — began holding spot inventory, enabling it to deepen spot liquidity while running basis trades across spot and perpetuals markets, launching first with ETH. (August 13, 2026) 5
Eigen and Lighter launch autoresearch challenge. Eigen Labs and Lighter launched an open competition offering 15,000 LIT for developers and AI agents to improve the performance of Lighter's production zero-knowledge prover, with participants already achieving roughly a 3.3x speedup. (August 6, 2026) 3
Vladimir Novakovski outlines the composability thesis. The founder explained that Lighter's ZK proofs let market makers move capital between different Lighter instances within minutes, that the LIT token represents 100% of Lighter's equity, and that revenue has grown to $100,000 per day. (August 4, 2026)
Lighter x KUB Chain partnership. Lighter announced a partnership with KUB Chain to bring perpetuals trading and other offerings to the KUB Chain ecosystem, supporting KUB Chain assets and connecting the ecosystem to on-chain trading infrastructure. (July 23, 2026) 6
Lighter makes stock tokens eligible collateral on Robinhood Chain. Lighter began accepting Robinhood's tokenized equities — such as NVDA, GOOG, and AAPL — as margin for perpetual futures, expanding beyond the USDG stablecoin that had served as collateral and quote asset since Robinhood Chain's mainnet launch. (July 20, 2026) 7 8
Funding rate premium reductions for RWA and pre-IPO markets. Lighter announced funding rate premium cuts across RWA and pre-IPO markets, reducing RWA premiums by 50% and pre-IPO premiums by 99%, while shifting index prices for all crypto perpetuals to USDT denomination. (July 17, 2026) 9
Robinhood Wallet launches perpetuals powered by Lighter. Robinhood Wallet began offering native in-app perpetuals trading powered by Lighter, letting users fund via Apple Pay and Google Pay, with Robinhood covering gas fees for 90 days and earmarking $11 million worth of LIT tokens for Robinhood users. (July 1, 2026) 10 2
Lighter launches the LIT token. Lighter launched its native Lighter Infrastructure Token (LIT) with a total supply of 1 billion, allocating 50% to the ecosystem (including an immediate 25% airdrop to Points Seasons 1 and 2 participants), 26% to the team, and 24% to investors, both subject to a one-year lock and three-year linear vesting. (December 30, 2025) 11 12
Coinbase to list LIT. Coinbase announced it would add support for Lighter (LIT) on Ethereum, with spot trading to go live "when liquidity conditions are met." (December 30, 2025) 13
Lighter publishes operations code ahead of TGE. Lighter published its full codebase and circuits architecture ahead of its Token Generation Event, having led the perp trading space over the prior 30 days with $222 billion in trade volume, surpassing Aster ($185B) and Hyperliquid ($170B). (December 26, 2025) 14
Lighter: Will December be LIT? Market attention focused on the potential LIT token airdrop, with signals including Coinbase adding Lighter to its roadmap on December 13, the team releasing an airdrop allocation form on December 21, and Polymarket pricing in a high chance of the airdrop occurring around December 29. (December 23, 2025) 15
LIT-USDC hyperps listing. A new listing allowed users to long or short the unlaunched Lighter (LIT) token with up to 3x leverage; the LIT hyperp was later converted to a regular perp on January 18, 2026. (December 22, 2025) 16
Lighter TVL surges above $350 million. Lighter's total value locked rose from $350 million to $375 million, a 90% increase since early August, as the platform neared the end of its private beta; its liquidity vault (LLP) offered 68% APR on $145 million deposited. (September 5, 2025) 17