Lighter

LIT#82DeFi DEX Derivatives and perps Zero-knowledge Ethereum

Confirm official data

$3.39

+21.0%past year

Code is moving, $5.97M in fees this month, sources agree.

Code

53 commits in 90 days from 8 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1

Last push: Nov 4, 2026
Last release: Oct 19, 2026

elliottech · CoinGecko

Usage

$5.97M in fees over 30 days

Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Nov 3Nov 2

Revenue, 30d: $4.99M
TVL: $791M

Numbers

CoinGecko and CoinMarketCap agree

CGCMC

Price$3.42$3.42Agree

Supply250M250MAgree

Mcap$855M$856MAgree

Volume$89.8M$94.9M×1.057

We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $855M of $3.36B is real

Selling everything at 2% a day would take 250 days.

Paper (all tokens)$3.36B

Market cap$855M

Real$855M

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price. Venues we didn’t believe: BitDelta.

Where it lives

13 tokens under its ticker that no list knows

Home contract: Ethereum 0x232c…4ee21 official deployments

HomeEthereumLighter 0x232C…4Ee2$1.21M

UnknownSolanaLighter EicWvt…LjCH$543Kcan mint

UnknownBNB ChainLitentry 0xb594…9723$240K

OfficialRobinhoodLighter 0xeeca…4cB0$233K

UnknownEthereumLiquidity Incentive Token 0xfd02…C341$128Kcan mint

UnknownSolanaLighter 72qShd…bzpP$14Kclaims $72.6M

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$274M in open futures, 32% of the market cap

Closing them all by force would take 80 days of 2% sell depth.

Funding, 8h: +0.0033% · longs pay shorts
Futures volume: $250M · 2.8× the spot volume · open interest turned over 0.9×
Liquidated, 24h: longs $94.1K · shorts $47.4K
Venues: Bybit, OKX, Hyperliquid, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

Where Hyperliquid positions get liquidated

longs, closed below the priceshorts, closed above

within 5%: longs $0 below · shorts $0 above

9 open positions of the largest accounts and busiest traders, whose liquidation prices Hyperliquid publishes. Exact, not a model, but Hyperliquid only.

On-chain