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橙子研究院
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Lighter ($LIT) In-Depth Research Report
1. Summary
Lighter is the most authentic ZK-Rollup perpetual contract exchange in the Ethereum ecosystem, featuring "fully on-chain verifiable + zero retail fees + CEX-level performance," aiming directly at the fusion of DeFi and TradFi for the RWA tokenization ultimate goal.
Token
On December 30, 2025, TGE, 25% community airdrop (1 point: 20 exchange), initial listing price around $2.6, latest price on December 31 is $2.90, circulating market cap $725 million, FDV $2.9 billion.
Core data is impressive: 24h trading volume $7.5 billion (exceeded Aster), 30-day cumulative trading volume $200 billion, TVL, OI both around $1.4 billion, annual protocol revenue around $100 million.
Lighter is the most authentic ZK-Rollup perpetual contract exchange in the Ethereum ecosystem, featuring "fully on-chain verifiable + zero retail fees + CEX-level performance," aiming directly at the fusion of DeFi and TradFi for the RWA tokenization ultimate goal.
Token
On December 30, 2025, TGE, 25% community airdrop (1 point: 20 exchange), initial listing price around $2.6, latest price on December 31 is $2.90, circulating market cap $725 million, FDV $2.9 billion.
Core data is impressive: 24h trading volume $7.5 billion (exceeded Aster), 30-day cumulative trading volume $200 billion, TVL, OI both around $1.4 billion, annual protocol revenue around $100 million.