Derivatives exchange

Lighter

Decentralized perpetual futures and spot exchange with verifiable order matching and zero fees on Standard accounts.

No project pays to be listed. How we rank

Facts checked Sep 26, 2026

Lighter key facts

CategoryDerivatives exchange
PlatformsWeb, API
CustodyNon-custodial
FeesStandard: 0 maker / 0 taker; Premium: 0.004% maker / 0.028% taker
Security audits9 audit reports for smart contracts and circuits
TokenLIT

LIT token

Price
$4.83 +1.4% 24h
Market cap
$1.2B
Fully diluted value
$4.8B
30-day change
+34.6%
LIT price, last 30 days

Market data: CoinGecko, updated Sep 26, 2026. Educational content, not financial advice.

About

What is Lighter?

Lighter is a decentralized trading platform for perpetual futures and spot markets that offers verifiable order matching and liquidations. Standard accounts pay 0 maker and 0 taker fees with added latency; opt-in Premium accounts pay 0.004% maker and 0.028% taker before LIT staking discounts. Its docs publish nine audit reports.

Lighter usage

Total value locked$756.8M+2.6% in 7 days
Fees paid, 24h$182,428
Fees paid, 30d$5.2M
Chains3

From DefiLlama (TVL) (fees users paid), updated Sep 26, 2026.

Derivatives exchangeNon-custodialWebAPI

Lighter pros and cons

Pros
  • 0 maker and 0 taker fees on Standard accounts
  • Premium taker fee of 0.028%, cut by staking LIT
  • Nine audit reports published in its docs
Cons
  • Standard accounts get 300ms taker latency versus 140ms on Premium
  • Audit files on the docs page do not name the auditors
  • Fee discounts on Premium need staked LIT

Lighter FAQ

What is Lighter?

Lighter is a decentralized trading platform for perpetual futures and spot markets that offers verifiable order matching and liquidations. Standard accounts pay 0 maker and 0 taker fees with added latency; opt-in Premium accounts pay 0.004% maker and 0.028% taker before LIT staking discounts. Its docs publish nine audit reports.

How much value is locked in Lighter?

$756.8M according to DefiLlama on Sep 26, 2026. It is deployed on 3 chains: Ethereum, Arbitrum, Robinhood Chain.

How much does Lighter cost?

Standard: 0 maker / 0 taker; Premium: 0.004% maker / 0.028% taker, according to Lighter’s own page (checked Sep 26, 2026).

How much do users pay Lighter in fees?

$5.2M over the last 30 days, according to DefiLlama on Sep 26, 2026.

Does Lighter have a token?

Yes, LIT. Its market cap was $1.2B on CoinGecko on Sep 26, 2026. Educational content, not financial advice.

Does Lighter hold my funds?

No. Lighter is non-custodial: you keep your funds in your own wallet and sign each transaction.

Sources

  1. Lighter: official site
  2. Lighter: Docs, Trading Fees
  3. Lighter: Docs, Security Audits
  4. Lighter: Docs, LIT Utility
  5. CoinGecko
  6. DefiLlama

How this page works

Sources: Lighter: official site, Lighter: Docs, Trading Fees, Lighter: Docs, Security Audits. Data as of Sep 26, 2026.

How we review

Not affiliated with any project listed. Educational content, not financial advice.