Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 1.02% | 2.16% | 16.44% | 37.76% | 18.50% | -- |
Revenue & Burn
Protocol income
$2.9MBuyback funds
$1.6MBurn funds
--Buyback ratio
55.2%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $2.9M | $1.6M | -- | 55.2% |
| Sep 2026 | $4.46M | $2.66M | -- | 59.6% |
| Aug 2026 | $3.17M | $2.64M | -- | 83.1% |
| Jul 2026 | $2.2M | $2.11M | -- | 95.9% |
| Jun 2026 | $2.89M | $2.81M | -- | 97.3% |
| May 2026 | $2.15M | $2.1M | -- | 97.6% |
Comparison
Asset List
| Ticker | Price | |||||
|---|---|---|---|---|---|---|
| TSLAUSDC | $368.64 3.94% | 0.002% | $2.02M | $10.72M | $19.15M | +0.0168% |
| SNDKUSDC | $1,379.75 6.38% | 0.002% | $5.67M | $7.94M | $15.53M | +0.032% |
| SKHYNIXUSD | $970.78 6.28% | 0.017% | $2.26M | $8M | $13.64M | +0.012% |
| METAUSDC | $707.31 0.3% | 0.001% | $3.45M | $12.42M | $11.79M | +0.0232% |
| NVDAUSDC | $217.61 1.27% | 0.005% | $4.14M | $8.6M | $11.37M | +0.0031% |
| SPCXUSDC | $149.07 2.38% | 0.006% | $6.07M | $11.36M | $10.81M | +0.0264% |
| AAPLUSDC | $342.98 0.61% | 0.008% | $2.19M | $8.57M | $8.84M | +0.0031% |
| MUUSDC | $908.44 3.53% | 0.006% | $5.17M | $4.15M | $8.55M | +0.0031% |
Tokenomics
Unlock Progress
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Dec 30, 2026 | 13.88M LIT | $42.77M | 5.56% | 2 Allocation |
| Jan 30, 2027 | 13.88M LIT | $42.77M | 5.56% | 2 Allocation |
| Feb 28, 2027 | 13.88M LIT | $42.77M | 5.56% | 2 Allocation |
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0xe554...9d62 |   LIT | 234,261,292 | 23.43% | $721.52M |
| 0x3b4d...5ca7 | LIT | 156,951,193.13 | 15.7% | $483.4M |
| 0xa9f5...44e8 | LIT | 58,917,589 | 5.89% | $181.46M |
Follow Updates
Follow Lists
People
About Lighter
Lighter is a decentralized perpetual futures exchange built on a custom zk-rollup atop Ethereum. Its core business is an on-chain central limit order book (CLOB) supporting advanced order types (market, limit, stop, TWAP), isolated margin for RWA and pre-market perps, and a risk engine with multi-tier margin and liquidation.
The key differentiator is verifiability: matching, risk checks, and liquidations are encoded as zero-knowledge constraints, with proofs posted to Ethereum. This provides CEX-like speed (sub-10ms soft finality, tens of thousands of TPS) while retaining Ethereum-level security and self-custody. Zero trading fees for retail users address the high-fee problem of general-purpose L2s, while the escape-hatch mechanism mitigates sequencer centralization risk.
In the past six months (2026-03 to 2026-09), Lighter reduced average block proof time from ~5.3 minutes to ~1 minute via two optimizations: a heavy/light circuit split (halving proof time for simple trades) and a proof-system backend optimization with Eigen Labs (further halving). Batch Schnorr signature verification was also integrated, improving performance ~20%. Withdrawal finality improved from ~21-22 to ~16-17 minutes. TVL exceeded $1.1 billion, ranking among top L2s.
Notable risks include reliance on a centralized sequencer (though the escape hatch limits fund loss), complexity of custom ZK circuits making audits difficult, oracle price risks for RWA/pre-market products, and questions about long-term sustainability of the zero-fee model.
Lighter completed L2 escape mechanism verification, enabling user withdrawals to mainnet even if the sequencer fails, strengthening protocol security and trust minimization.
The founder joined the US CFTC Innovation Advisory Committee and initiated the application process for on-chain derivatives trading licenses, advancing long-term regulatory compliance.
Token economics were updated so all future LIT buybacks are permanently burned. Since TGE, 15 million LIT (6% of circulating supply) have been repurchased while average block proof time fell from 5.3 minutes to about 1 minute.
Publicly verifiable information shows that Vladimir Novakovski () is the Founder & CEO. He entered Harvard at 16, earned a B.A. in Economics at 19, and previously worked at Citadel (quant research/trading), Graham Capital (portfolio manager), Quora (head of machine learning), and Addepar (VP engineering). He co-founded Lunchclub in 2017, then pivoted the team to found Lighter in 2022, a ZK-rollup perpetual DEX, leading it through mainnet launch.
Aaron () is a core contributor at Lighter, focused on protocol development. No other co-founders or current core executives were found in reliable public sources.
Recently, the Lighter team welcomed a new member, Ray Peh, who joined as a Contributor in June 2026. Ray Peh's LinkedIn and RootData profiles are publicly available for further background. No departures have occurred.