lighter

The decentralized perpetual contract protocol Lighter announced the inclusion of weETH as collateral for perpetual contract trading on the platform. The platform calculates the trading margin based on 70% of the weETH index value, which sets a 30% discount on the collateral asset.At the same time, Lighter has set the maximum supply limit of weETH collateral across the platform to 1000 units. After the adjustment, users can use weETH as margin to open perpetual contract positions on Lighter.

David Hoffman, the founder of Bankless, retweeted the compliance updates of the perpetual contract trading platform Lighter on X, stating, "Lighter's big market is back." During the Lighter third-quarter investor conference call the previous night, Hoffman, as an investor, asked whether, given that Lighter has had extensive prior communication with the U.S. Commodity Futures Trading Commission, the approval for the Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) licenses is expected to be granted earlier than the stipulated 180-day review period.Lighter's founder and CEO Vladimir Novakovski responded that extensive prior communication would make the process much smoother. He stated that the U.S. Commodity Futures Trading Commission currently has a lot on its plate, so he could not provide a specific timeline, but internally there is a fast-acting team, and the approval process is expected to go relatively smoothly. Previously, Hoffman had liquidated his ETH holdings and shifted to tokens like LIT, ZEC, and NEAR, which have all significantly outperformed ETH since then.

According to Crypto Briefing, the decentralized perpetual contract trading platform Lighter stated during its Q3 investor call that it plans to submit a derivative brand license application to the Commodity Futures Trading Commission (CFTC) in November 2026, aiming to become the first on-chain perpetual contract DEX approved by the CFTC. Founder Vladimir Novakovski mentioned that the team has been in communication with regulators for about 11 months.Currently, Lighter has integrated with Robinhood Chain to provide perpetual contract trading, and the number of Lighter Core accounts has exceeded 1 million. OKX market data shows that LIT has risen 22.26% in the past 24 hours, currently priced at $3.89.

On October 20, researcher 100y from the cryptocurrency research institution Four Pillars published a response to external doubts: Robinhood Chain has not disappeared, its ecosystem remains resilient, and it is preparing for the next round of growth. The chain is set to launch on July 1, 2026, positioning itself as an on-chain financial network centered around tokenized stocks. The article states that Robinhood's cryptocurrency business revenue share dropped from 27.2% in the first quarter of 2025 to 12.6% in the first quarter of 2026.According to data from The Rollup, the chain's daily network fees on September 4 were approximately $8.27 million, compared to Robinhood's total cryptocurrency business revenue of about $100 million in the second quarter of 2026. After the market weakened and meme popularity cooled, fees fell by over 99% from their peak, with daily fees in mid-October around $30,000 to $40,000, less than 1% of the peak. 100y attributed the spike in fees to congestion in September: the chain uses the Arbitrum tech stack, and the base fee index rises when usage exceeds target processing capacity.As of the publication date, the on-chain Total Value Locked (TVL) is approximately $1.1 billion. The Steakhouse Financial curation and the Steakhouse USDG Vault supplying USDG to Morpho account for about half of this, with a scale of approximately $540 million and still rising, and around 75,000 deposit wallets. Stocks and ETFs account for more than half of the issued Real World Asset (RWA) tokens, with an associated outstanding value of about $150 million. The spot trading volumes on September 4 and October 7 were approximately $3.27 billion and $3.24 billion, respectively, and daily trading volumes have remained at least around $600 million to $700 million since then. Robinhood has strategically invested in the perpetual platform Lighter and Arcus. 100y stated that the next round of growth depends on the scale of the treasury and stock tokens, meme trading, perpetual activities after the points period, as well as more builders and new on-chain financial primitives.

According to the official announcement from 21Shares, the company has launched the Lighter (LIT) ETP and Venice Token (VVV) ETP in Europe. Both products are backed by physical tokens, with a fee rate of 2.50%.The trading code for Lighter ETP is LIHT, listed on the German exchange Xetra, supporting trading in euros and US dollars. The trading code for Venice Token ETP is VENC, listed on the Swiss stock exchange SIX, trading in US dollars.Lighter is a decentralized perpetual contract trading platform that uses zero-knowledge technology, while Venice is a privacy-focused AI platform. Investors can hold the relevant ETPs through regular securities accounts without the need to purchase, custody tokens, or manage private keys themselves.

The decentralized perpetual contract protocol Lighter announced the launch of BTC and ETH binary options on Core. Lighter is a low-latency decentralized exchange built on Ethereum zero-knowledge proofs, with order matching times, prices, and priorities all proven and published on Ethereum to ensure that transactions are verifiable and fair.Lighter's founder and CEO Vladimir Novakovski stated that the protocol is focusing on advancing options products this quarter, starting with binary options and gradually transitioning to on-chain European options, sharing the same balance sheet as perpetual contracts. Users can trade spot, options, and perpetual contracts on the same platform, enabling composite strategies such as basis trading and Delta hedging.Lighter claims its latency is in the tens of milliseconds, far lower than some competing platforms that exceed 500 milliseconds. As a U.S. company, Lighter is seeking to obtain a license from the U.S. Commodity Futures Trading Commission (CFTC), which, if successful, will make it the first on-chain trading venue to obtain such a license.

The decentralized perpetual contract trading platform Lighter announced that its EVM development network (devnet) has officially launched. This development network is an EVM-equivalent rollup built in collaboration with Axiom and powered by OpenVM. It operates in sync with Lighter Core, both designed to settle jointly to Ethereum through a single ZK proof.Developers can deploy using Foundry, Hardhat, Viem, and Ethers, and can read accounts, balances, positions, orders, and market data from Lighter Core; they can also place, modify, and cancel orders through smart contracts, and transfer assets between the development network L1, Lighter Core, and Lighter EVM.Lighter stated that the team can be contacted via email at evm@lighter.xyz to request access. Currently, it is onboarding developers in batches to ensure a quick response to issues and will expand access to all developers in the coming weeks.

The decentralized exchange Lighter announced, "Options season. Coming soon," and accompanied it with a 14-second teaser video, indicating that options trading products will be launched.Lighter has not yet announced the launch time, types of options, or specific product mechanisms.

According to The Block, Bitwise has officially launched the Lighter Staking ETP (ticker: BLIT), which is listed on the Deutsche Börse Xetra, providing investors with exchange-traded exposure to LIT tokens.The product tracks the Kaiko Lighter Reference Rate Index and plans to activate staking yield capture features once the assets under management reach a certain threshold.

According to X user @UngusTrade's post on September 21, a commit named "Binary options support" recently appeared in Lighter's prover code repository, which describes ZK circuits that support Lighter. The code shows that this implementation is for standard binary outcome contracts, with a settlement cap for each market, typically set at 100 for prediction markets, where share prices trade between 0 and the cap, settling at either 0 or the cap. The contracts are fully collateralized in USDC, with no leverage and no liquidation.It is noteworthy that the circuit supports continuous markets, allowing for settlement at any value within a range, thus enabling contracts based on measurements, rather than just yes or no events. Additionally, Lighter may allow whitelisted operators to create, manage, and settle markets, similar to the deployment model of HIP-3. Currently, Lighter has not commented on this.

According to on-chain analysts, Ethereum early contributor billΞ.eth's associated address (0xC31...23fb) withdrew 500,000 LIT from the Lighter protocol 2 hours ago, worth 2.07 million USD.Lighter is the built-in Perp DEX of Robinhood Wallet, which has seen an increase in trading volume recently, with LIT rising over 97% in the past month.

The Lighter team released the project’s August data summary. In August, Lighter's open interest (OI) surpassed 1 billion USD, with a trading volume of approximately 39.5 billion USD, continuously increasing its market share in global perpetual contract trading volume.The independent trading platform built in collaboration with Robinhood also achieved significant growth in August, with total trading volume reaching approximately 5 billion USD and total accounts exceeding 21,000, generating about 500,000 USD in total trading fees for the month. Additionally, Lighter repurchased a total of 927,800 LIT in August. According to OKX market data, Lighter is currently reported at 4.42 USDT, with a 24-hour increase of over 15.16%.

The decentralized perpetual contract protocol Lighter announced that its average block proof time has decreased from about 5.3 minutes to about 1 minute over the past month. This progress was achieved through two independent optimizations launched on July 23 and August 23. Lighter can now complete block verification faster, thereby increasing processing capacity, reducing infrastructure costs, and creating space for further expansion.The first optimization is the Heavy/Light decomposition. This solution splits the transaction circuit into light circuits and heavy circuits, allowing simple quote updates, which account for the vast majority of transactions, to only pay for light constraints, thus halving the proof time. The second optimization comes from the Prover backend optimization brought about by the proof competition held in collaboration with Eigen Labs, which again halves the proof time under the same circuit conditions. The first batch of optimizations went live on August 23, with more batches still in progress. Additionally, on August 10, all Schnorr signature verifications were incorporated into a single Plonky3 proof for each block, resulting in approximately a 20% improvement.The above optimizations are orthogonal and their effects are cumulative. The remaining competition optimizations are expected to bring about an additional 2x improvement, potentially reaching a total of about 10x compared to mid-July. Currently, Lighter's sustained processing capacity has exceeded historical peak loads, and the finality limit for withdrawals has been reduced from about 21-22 minutes to about 16-17 minutes, maintaining stability during peak traffic periods.

UPBIT will launch Lighter (LIT) on August 24 at 13:00 and support KRW trading. LIT is an Ethereum-based utility token primarily used for staking and liquidity participation in the Lighter protocol.

Lighter CEO Vladimir Novakovski stated at the first meeting of the CFTC Innovation Advisory Committee that DeFi should not be seen as the opposite of regulators, and that on-chain verifiable transaction records assist regulators in their work regarding transparency, consumer protection, and market fairness. He pointed out that decentralized verifiable finance is expected to become an important part of the future financial infrastructure in the United States, and the industry should promote the evolution of technology towards open-source and verifiable directions.Novakovski also mentioned that AI has the opportunity to drive financial democratization, allowing users to build trading strategies based on their own judgment, a capability that has primarily been available to high-net-worth individuals and professionals in the past. He also warned that the main risk of AI in the financial sector is consumer protection issues, such as users not understanding the actual functions of models or being misled by deceptive advertising, and suggested establishing a sandbox mechanism to validate the effectiveness and verifiability of AI models before large-scale application.

According to The Data Nerd monitoring, the Lighter team wallet transferred 1.87 million LIT to a new address, worth approximately 4.57 million USD.

According to on-chain analyst Onchain Lens, the Lighter team associated wallet transferred 1,870,000 LIT to a new address, valued at approximately 4,570,000 USD at the current price.

Lighter tweeted that a trading bot malfunctioned on July 25, briefly affecting the HYPE and ZEC markets. During the incident, the HYPE price reached $60.96 and $56.31 within half a minute, while the external trading price was around $58 at the same time, and then the price recovered within a minute. There were no forced liquidations across the market, and losses were limited to the accounts that triggered the issue.The bot was launched with $500,000 in funds and traded $27 million back and forth on HYPE within 5 minutes, accounting for 74.2% of the market trading volume; it generated $220.8 million in order volume on ZEC, accounting for 86.7%, causing the ZEC price to briefly rise to $521. Lighter stated that the risk engine marked positions with fair prices to resist manipulation and rejected 801 orders when margin was insufficient. Ultimately, the bot incurred a loss of about $482,000, all from its own funds. Lighter's liquidity pool (LLP) earned about $143,000, and 40 independent accounts each made over $1,000 in profit.

Lighter founder and CEO Vladimir Novakovski tweeted that he has joined the U.S. Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee as a member.

Lighter protocol released an update on token economics, announcing that all future repurchased LIT will be permanently destroyed to reduce the total supply of LIT. The first destruction will be executed within a few weeks after the end of Q2. Since the TGE, the protocol has programmatically repurchased approximately 15.5 million LIT using exchange revenue, accounting for about 6.3% of the circulating supply.Regarding staking, previously, staking rewards were supported by pre-TGE revenue, and starting today, they will shift to being supported by the remaining ecological tokens. The target staking yield is an annualized 6%, which, based on the current staking amount of approximately 125 million LIT, will allocate about 7.5 million LIT annually from the remaining 250 million LIT.The protocol stated that future treasury management will balance four priorities: rewarding long-term stakers, continuously reducing supply through destruction, reserving tokens for partnerships and growth plans, and maximizing the long-term value for token holders.