Lighter
Official siteLighter is an on-chain zero-fee perpetual DEX built on custom rollup architecture, offering institutional order matching and gasless order cancellation.
- Zero Fee Campaign
- No KYC required
- Trading since 2023
About Lighter
Lighter is a decentralized cryptocurrency trading platform focused on delivering a fast, low-cost, and transparent trading experience through an on-chain order book model. Built using zero-knowledge (ZK) technology, Lighter aims to combine the performance of centralized exchanges with the security and self-custody benefits of decentralized finance (DeFi). The platform allows users to trade directly from their wallets while maintaining full control of their assets, making it an attractive option for traders seeking a non-custodial trading environment.
- 100% 0% / 0% fee structure on perpetuals
- Zero gas fee order placement and cancellation
- Decentralized non-custodial smart contract custody
- Founded
- 2023
- Years in operation
- 3 yrs
- Monthly visits
- 500K
- Last reviewed
- 3 years ago
Fees and limits
| Condition | Value |
|---|---|
| Spot fee | 0% / 0% |
| Futures fee | 0% / 0% |
| Maximum leverage | 50x |
| Spot assets | Limited |
| Perp markets | ~50+ |
| Fiat deposit | No |
| KYC required | No |
| Signup bonus | Zero Fee Campaign |
Instruments and features
Lighter primarily focuses on cryptocurrency spot trading , offering access to a selection of major digital assets and stablecoins. Traders can buy and sell cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), stablecoins, and other supported blockchain assets , depending on network availability and liquidity. The platform’s asset coverage is designed to support efficient on-chain trading while maintaining deep liquidity for key trading pairs. Unlike traditional forex brokers or large centralized exchanges, Lighter currently focuses on cryptocurrency markets rather than offering stocks, commodities, or forex products.
Lighter provides a decentralized trading environment powered by an on-chain central limit order book (CLOB) rather than an automated market maker (AMM). This enables traders to place market orders, limit orders, and advanced trading instructions while benefiting from transparent order matching and price discovery. The platform leverages zero-knowledge rollup technology to reduce transaction costs and improve execution speed without sacrificing security. Users trade directly from self-custody wallets, eliminating the need to deposit assets into a centralized exchange account. Additional features include low-latency execution, transparent settlement, API access for advanced traders, and seamless integration with the broader DeFi ecosystem. By combining scalability, security, and self-custody, Lighter aims to deliver a professional trading experience within a decentralized framework.
What traders gain and give up with Lighter
Pros
- 100% 0% / 0% fee structure on perpetuals
- Zero gas fee order placement and cancellation
- Decentralized non-custodial smart contract custody
Cons
- Catalog currently focused on top 50 major assets
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Disclaimer
Figures on this page describe a third-party trading service and are not an offer of investment services or financial advice. Spreads, fees, leverage and bonus terms change without notice — confirm them on Lighter's own site before you deposit. Profile data sourced from fxpropsignal.com.