Lighter
Perp DEXNo token yetPre-token
Visit Lighter ↗
Newly launchedAirdrop expected
A zk-rollup order-book perp DEX in fast-growing beta — no token yet, airdrop expected.
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For beginners
Exciting newcomer, but it's early-stage — only risk what you can afford to lose.
Key metrics
24h volume
$3.10B
7d volume
$17.00B
Total value locked
$873.0M
Open interest
$950.0M
Active addr · 30d
248.1K
Market share
10.0%
Market cap
n/a
Maker / taker fee
0% / 0.02%
Max leverage
50×
Trading pairs
64
The honest take
Pros
✓Among the lowest fees in the sector (verifiable zk execution)
✓Surging usage — already a top-3 perp venue by activity
✓No token yet, so early users may qualify for a future airdrop
Cons
✕Still in invite/beta phase with a shorter track record
✕No live token or full public audits yet
Made your choice?
Start trading on Lighter
Non-custodial — connect your wallet and you stay in control of your funds. Leverage is high-risk; only trade what you can afford to lose.
Lighter zkL2Perp DEX
Open Lighter ↗
Visit lighter.xyz
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Frequently asked about Lighter
Is Lighter safe to use?
Lighter has a dexwatch security score of 76/100 (Solid). It has been audited by Internal, In progress, and because it is non-custodial you keep control of your funds in your own wallet. As a newer venue it has a shorter track record, so it is wise to start with smaller amounts.
What are the trading fees on Lighter?
Lighter charges a maker fee of 0% and a taker fee of 0.02%.
What is the maximum leverage on Lighter?
Lighter offers up to 50× leverage on supported markets. High leverage is extremely risky and can liquidate a position quickly — only trade what you can afford to lose.
Which blockchains does Lighter support?
Lighter operates on Lighter zkL2.
Is Lighter good for beginners?
Exciting newcomer, but it's early-stage — only risk what you can afford to lose.
Compare with similar venues
See full ranking →Learn before you trade
Open the Academy →Approximate snapshot from public trackers — figures move constantly and are for reference only, not financial advice. Updated May 30, 2026.