Lighter
TradingEmerging

Lighter

Ex-Citadel quant, Founders Fund backing, $65B/month volume. The perp DEX built for institutional order flow.

lighter.xyz#perps#rwaVerified May 13, 2026
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Brief

Zero-fee perpetuals DEX on Ethereum L2 using custom zero-knowledge circuits. Processes tens of thousands of orders/cancels per second with millisecond latency. Funded by Founders Fund, Ribbit Capital, Haun Ventures, Robinhood, and Coinbase. Mobile app launched January 2026.

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Snapshot

Key terms and identifiers.

Asset classes
Commodities, Equities, Treasuries
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Connections

Who they build with, build on, integrate with.

Dependency

Where this player builds on, integrates, or relies on others.

Tension

Direct competition or overlapping market position.