Fortune-featured exchange Lighter.xyz brings verifiable perpetual futures trading to Ethereum

Lighter.xyz – GoDaddy customer – (United States)

TL;DR:

• ​Lighter.xyz is the online home of Lighter, a decentralized exchange for perpetual futures (crypto derivatives with no expiration date), built on its own network that settles on Ethereum.
• Lighter is designed to prove every trade match and liquidation cryptographically, with the proofs verified publicly on Ethereum, according to the website.
• Lighter raised $68M in November 2025 in a round led by Founders Fund and Ribbit Capital, valuing the company at about $1.5B, according to Fortune, also available at Yahoo Finance.
• In July 2026, Robinhood began offering perpetual futures through Lighter in its Robinhood Wallet for eligible users in selected jurisdictions.

Lighter.xyz Overview

• What: Lighter.xyz is the online home of Lighter, a decentralized exchange for perpetual futures trading that uses cryptographic proofs to make trading operations verifiable.
• Why: Lighter aims to make trading activity verifiable, including order matching and liquidations.
• When: Lighter launched its current exchange in January 2025, according to Fortune.
• How: Lighter operates on a dedicated ZK rollup that processes trades and submits cryptographic proofs to Ethereum for verification, according to its FAQ.

In The News

• In July 2026, The Block reported that a revamped Robinhood Wallet gives eligible users in selected jurisdictions access to perpetual futures on Lighter. Lighter committed 11 million LIT tokens to the Robinhood community, according to Robinhood.
• In December 2025, The Block reported that Lighter launched its Lighter Infrastructure Token (LIT), including an airdrop to participants in its first two points seasons. The outlet also noted Lighter added spot trading in early December.
• In November 2025, Fortune reported exclusively that Lighter raised $68M in a round led by Founders Fund and Ribbit Capital. The round valued Lighter at about $1.5B.
• In November 2025, The Defiant reported that Lighter had become the largest perpetual futures DEX by daily and weekly trading volume. The outlet cited data from DefiLlama, a DeFi analytics platform.

Company Updates

• In an August 2026 blog post, “Advanced Charting on Lighter, Powered by TradingView,” Lighter announced a partnership with charting platform TradingView. Lighter’s charts now run on TradingView’s technology, adding indicators, drawing tools, and multiple timeframes.

Venture Funding

• Funding round (2024): Lighter raised $21M in a round led by Haun Ventures and Craft Ventures, with participation from Dragonfly and Robot Ventures, according to Fortune.
• Funding round (November 2025): Lighter raised $68M in a round led by Founders Fund and Ribbit Capital, with participation from Haun Ventures and Robinhood, bringing its total raise to almost $90M, according to Fortune.

Lighter.xyz Leadership

• Vladimir Novakovski: Founder and CEO of Lighter; previously co-founded AI networking platform Lunchclub and worked at hedge fund Citadel Investment Group, according to Fortune.

Connect with Lighter.xyz

• Website: https://lighter.xyz
• X/Twitter: @Lighter_xyz
• Discord: Lighterxyz

Why .xyz is a great choice for Lighter.xyz

• With .xyz, Lighter secured a domain that matches its brand name, and using the full domain name gives it matching social handles too: @Lighter_xyz on X and Lighterxyz for its Discord invite.
• Lighter uses its .xyz domain for branded email addresses, including [email protected], giving users a recognizable point of contact that matches the company’s website.
• ​.XYZ’s open, generic nature gives Lighter flexibility as its exchange expands beyond perpetual futures into areas such as spot trading.

More DeFi innovation from the #GenXYZ community

• Perpetual options protocol Panoptic.xyz brings vault-based yield strategies to Uniswap liquidity
• Research lab Allez.xyz builds risk analytics and strategic advisory tools for DeFi protocols
• Digital assets holding company Anagram.xyz develops and invests in crypto projects