Lighter xyz is a perpetual DEX built as an application-specific zk-rollup on Ethereum, shifting order book matching off-chain while proving its correctness with ZK-SNARKs. This design delivers scalable, transparent, and non-custodial trading with a verifiable matching engine that ensures both efficiency and fairness in price discovery.
The project claims to be backed by Andreessen Horowitz and Lightspeed Venture Partners, however, the amount raised is undisclosed.
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Lighter is a decentralized perpetuals DEX on Ethereum that delivers exchange-level speed and scale with verifiable order matching and liquidations secured by zk-rollups. Its architecture ensures fairness, low-latency high-frequency trading, and user asset safety through Sequencer, Prover, and Smart Contract components.
As of September 2025, Lighter perpetual DEX hasn’t disclosed any info about its native token, but the project runs a Points farming campaign, allowing users to interact with the app and get rewarded. Hence, we have prepared a detailed guide on how to join the event.
Lighter is a fully verifiable zero-knowledge perpetuals DEX on its own Ethereum L2 with throughput of around 4,000 to 15,000 TPS. It delivers users high-speed trades, zero fees for retail, verifiable matching/liquidations, and high scalability via custom ZK infrastructure.
$LIT token is used for governance voting on protocol parameters, staking to access liquidity provision, buybacks/burns, fee discounts, and tiered access/priority.
On July 1, 2026, Lighter Exchange has allocated $11M in $LIT as incentives exclusively for Robinhood traders following the Robinhood Chain mainnet launch. Eligible users earn points on perps trades (2x multiplier via Robinhood Wallet, 1x on Lighter web app) that convert directly into $LIT from this pool, alongside 90 days of free gas and zero perps fees.
<a href="https://coinlaunch.space/projects/lighter/" title="Lighter DEX (LIT)" target="_blank"><img src="https://coinlaunch.space/media/widgets/0/lighter.png" width="224" alt="Lighter DEX (LIT)"></a>