Achieved $45M in annualized revenue and maintains a $1B FDV.

Aave does not integrate with Lighter for unified risk management across protocols.

Vladimir Novakovski, on The Rollup, suggested market underprices three upcoming developments: composability with Ethereum, tokenized TradFi assets for onchain basis trades, and a U.S. license.

Trading is now available on HTX exchange with a promotional campaign offering shared rewards.

Increased 11x in new traders following Telegram Wallet integration.

Recorded net inflows on 4 of the last 7 days and 5 of the last 9 days.

Trades at 4.8x revenue multiple on a circulating basis.

Has open interest approximately 10x lower than Hyperliquid.

Generated $51 billion in perpetual trading volume over 30 days.

Generated approximately $37 million in annualized fees and approximately $31 million in annualized revenue.

Bought back 10 million LIT tokens, funded by maker fees, with 60% of circulating supply staked.

Recorded net platform inflows on 3 of the last 5 days as of April 8, 2026.

Ranked 9th in CoinMarketCap's weekly top gainers list with +14.82% price increase.

Averaged $4.8 million in monthly revenue during Q1 2025.

Integrated ZK perpetual futures trading to Telegram Wallet (50+ markets, 50x leverage, $1 minimum entry) and expanded Universal Cross Margin to ERC assets, adding BTC, ETH, USDT as collateral. Launched Telegram distribution program and Liquidity Partner Program on April 13, 2026, incentivizing RWA liquidity based on order book size and depth, with $LIT token trading enabled 2026-04-06.

Presents at EthCC on the Monroe Stage on 2026-04-02 from 13:55 to 14:15, discussing its ZK-powered liquidity layer for institutional capital compliance.

Integrated with RoboNetHQ, a prompt-to-quant execution engine for deploying trading strategies alongside Hyperliquid and Polymarket.

Rolling out EVM devnet, enabling developers to launch applications.

Integrated with Infinex for perpetuals trading, enabling users to trade commodities including gold, oil, and palladium on the Infinex platform.

Listed STRC perpetual futures trading pair, becoming the first perpetual DEX to offer STRC shorting capability.

Adjusted the parameter governing the shift from external to internal pricing when markets are closed for RWA trading, aimed at reducing funding rate volatility and improving price discovery.

Experienced a 7% price decline over a 24-hour period ending on March 23, 2026.

Hit a new all-time low since TGE according to market commentary.

Generated $3.8M in the derivatives sector over the 30-day period ending March 25, 2026.

Launch SOLUSDC trading pair on Hyperliquid and Lighter 2026-04-26; plans to add collateral assets.

Integrated as one of eight supported exchanges in ritmex-bot, a trading CLI tool that enables OpenClaw agents to query prices, place orders, and manage positions across multiple exchanges.

Lighter ranked in the top perp DEX rankings by trading volume during the week of February 27, 2026, alongside Hyperliquid, GRVT, Aster, EdgeX, and ApeX.

Recorded $1.79B 24-hour trading volume, $13.7B 7-day perpetuals volume (ending 2026-03-12), and $65.47B monthly volume, ranking a 'Big Four' Perp DEX.

CEO joins CFTC Innovation Advisory Committee, seeks onchain derivatives license with CFTC, and lobbies in DC.

Processed similar volume to Hyperliquid during the US-Israel Iran strike on 2026-03-08, with Hyperliquid reporting $220M in silver and $170M in gold perps trading volume during the event.

Achieved $7M in perpetual trading volume over 24 hours and $3M in total spot trading volume.

Listed among private perpetual DEXs in a curated overview of privacy tools in crypto.

Opened Partner Attribution program to all builders, allowing integrators to earn configurable fees up to 10 basis points.

Dropped 70% volume from peak levels following airdrop distribution in 2025-2026.

Value created by Lighter products and services accrues to $LIT token holders.

Released execution cost screener feature that compares live liquidity across Hyperliquid, HIP3, and Lighter.

Allocated 10% of the airdrop to Jump.

Experienced a 13.63% price decline over a 24-hour period ending on March 6, 2026, ranking as the second-largest loser among tracked cryptocurrencies.

XAU liquidity reached $5.5M within 50 basis points and $6.5M within 100 basis points, improving XAU/XAG liquidity.

Silver (XAG) liquidity on Lighter reached approximately $3M within 50 basis points and $4M within 100 basis points.

experiences oracle malfunction preventing proper protocol operation, with the liquidity provider pool reportedly insolvent due to accumulated losses of 30,980 in Korean equity trading buckets as of March 3, 2026.

New trading pairs BNBUSDT and BNBUSDC launched on Lighter in partnership with Binance, maturing on 2026-03-27.

Traders who have used the platform automatically qualify for rewards through Carbon Terminal's launch program.

Integrated with Brighter, a yield optimization protocol built on top of Lighter that allows users to deposit assets into vaults to earn LLP yields and Brighter points while LIT holders earn passive income from fees.

LLP Strategies successfully managed a $50M ARC position liquidation by triggering Auto-Deleveraging (ADL) and capping losses at $75k for holders.

Launched LIT Fee Credits program for market makers and HFTs to pay LIT for fee discounts and reduced latency; plans $LIT tokenomics updates.

shared a TLDR explaining details of ARC-related events on February 26th, 2026

Deposits and withdrawals not functioning; changed ADL rules resulted in $7M trader losses, alongside experienced servers offline and market ADL events preventing orders.

Whale 0x5F64 deposited 8.39M USDC for a 210M ARC long position worth $20.45M, was liquidated on $7M margin, triggering $20M in automatic deleveraging on February 25th, 2026. Whale withdrew 3.06M USDC with an $8.2M loss.

A large trader liquidated or sold 100 million BTC worth of positions on the Lighter platform.

BTC trading pair experienced a 30% price drop from $67,572 to $47,511 in one minute on February 25, 2026.

Offers perpetual trading as a ZK-rollup appchain on Ethereum for verifiable order-book perpetuals with sub-second finality. Charges zero taker fees for trades via Telegram integration, and 0% trading fees for custom grid bots and RWA perpetual markets.

Recorded a $22M long position on ARC token on the platform.

Experienced 85% platform uptime during the October 10, 2026 crypto market crash with multi-hour service outages. Featured in a1research__ article analyzing top 8 perpetual DEXs during the $19B liquidation event.

Conducts weekly token buybacks using more than 100% of revenue relative to market cap, with total buyback value $350,000.

Declined 24-hour perpetuals volume market share from a peak near 60% in mid-December 2025 to approximately 25% of total DeFi perps volume as of February 20, 2026; currently accounts for approximately 10% of total perpetuals trading volume.

Added automatic deleveraging (ADL) mechanism to RWA markets, charging a 1% liquidation fee, with no insurance fund or LLP backstop.

Bought back 7.48M LIT (3% of circulating supply) since TGE via continuous programmatic buybacks regardless of market conditions.

Launched mobile app for trading.

Rolled out staking utility on the platform.

Integrated with Planemo, an algorithmic trading platform that supports cross-venue delta-neutral strategies and automated perp trading.

Maintains steady trading volume despite declining open interest since TGE, with market cap divided by total open interest ranging between 0.3-0.6.

Integrated with Relay Protocol to enable cross-chain deposits into perps USDC from any asset on any chain in one step.

Launched flexible earning product on HTX for LIT token staking with hourly earnings, instant liquidity, up to 20% APY, and 1 LIT minimum subscription.

Five wallets associated with Justin Sun withdrew 2.6 million LIT tokens (valued at $4.07 million) from Lighter and transferred them to HTX exchange approximately 5 hours before 2026-02-16 00:56 UTC.

Has approximately 400 million tokens in circulating supply with 50% of supply staked.

Supports AZTEC token trading.

Ranks fourth among perpetual DEXs by open interest as of March 13, 2026.

50% of LIT token supply, over 126 million tokens, staked, up from 40% one week prior, as of February 2026, including LLP portion.

Integrated with VOOI as one of the aggregated liquidity venues in VOOI's perps and spot super app.

Launched UTAs (Universal Trading Accounts) feature on the platform.

Implemented unified margins across spot and perpetuals markets by February 13, 2026, supporting segmented liquidity for crypto, FX, and RWA (tokenized stocks) with cross margin for RWA markets including Gold. Offers WTI (oil) perpetual futures with funding rates, SP500 pairs, and delta neutral strategies on LIT token.

Offers stock perpetuals for TSLA, NVDA, AAPL, GOOG, and MSTR with 10x leverage.

Struck revenue-sharing deal with Circle on $920M USDC, with platform holding $923M in assets.

Launched Korean equity perpetual futures for Samsung, SK Hynix, Hyundai, and KRCOMP index with 10x leverage on February 12, 2026.

Introduced 15% funding rate rebates for perpetual traders on February 11, 2026, available for LIT stakers or Premium fee tier.

Integrated Pyth Network Pro price feeds to power perpetual markets.

Received $68M investment from Robinhood, partnered with Robinhood, integrated with Talos and Robinhood for CEX-DEX functionality, and listed on Bitstamp by Robinhood in the EU.

Added SOLUSDC trading pair on Pendle Boros with March 27, 2026 maturity.

launched at $2.6B FDV, experienced an 11% price decline to $1.1B FDV.

Listed INTC, AMD, and SNDK for trading with 10X leverage.

Listed XCU for trading with 20X leverage.

Distributed airdrop valued at $10,000 at TGE prices, with 250 referrals qualifying for the distribution.

Sponsored Mr. Block Summit on February 10, 2026, in Hong Kong, presenting product roadmap and Season 3 airdrop details.

Received investment from Antifund, a VC co-founded by Jake Paul and Geoffrey Woo.

Increased average maker fee from 0.2 bps to 0.3 bps (50% increase) and average taker fee from 2.00 bps to 2.13 bps (6.5% increase) on February 6th, 2026.

Had zero downtime during the recent market crash period.

crossed $1 million in revenue on 2026-02-05

LLP maintained 20% APR since October 11th.

Listed ARC, PIPPIN, BIRB, and JTO tokens with 3X leverage on February 5, 2026.

Reduced latency to 200ms with no spikes as of February 5, 2026.

Decreased funding rates by 66%.

Achieved $110B in 30-day trading volume.

Charges a 1% liquidation fee on liquidated positions.

Experienced unusual selling activity of approximately 50% of spot ETH inventory, raising concerns about potential unauthorized access or undisclosed market maker arrangements.

Advanced as a finalist in Coinage Media's "Crypto Project of the Year" community-voted celebration alongside seven other blockchain projects.

Integrates with Ethereum DeFi via Lighter EVM, an EVM-compatible rollup, by end of January 2026, enabling Ethereum assets as perpetual futures collateral.

integrated with coinalyzetool

Enables LLP, USDT, and ETH as margin collateral for trading, including a tokenized LLP vault, with LLP positions scheduled for 2026-02-12.

Mentioned as an example of a project that enabled wallet distribution functionality 9 days before its TGE, in a tweet about Opinion Labs' similar airdrop feature.