Lighter Hits $1.5 Billion Valuation Before TGE
Ethereum-based L2 DEX Lighter achieved a $1.5 billion valuation after securing $68 million in funding led by Founders Fund and Ribbit Capital.Summary
Lighter DEX, an Ethereum-based Layer-2 decentralized exchange specializing in perpetual futures, has reached a $1.5 billion valuation following a $68 million funding round led by Founders Fund and Ribbit Capital, with participation from Haun Ventures and Robinhood. This significant raise highlights investor confidence in Lighter's high-speed, zero-knowledge-powered trading infrastructure. The exchange is planning to launch spot trading soon, positioning itself as a potential challenger to Uniswap DEX by offering low latency (as low as 5 milliseconds), no MEV, and 0% fees through its orderbook-based system, which contrasts with Uniswap's AMM model. Lighter has recently demonstrated strong performance, recording $73.77 billion in seven-day perpetual volume, surpassing competitors like Aster and Hyperliquid, driven by high throughput (650,000 TPS). The project is also preparing for a Q4 token generation event (TGE), with 25-30% of the supply reportedly allocated for a community airdrop.
(Source：BeInCrypto)