What is Lighter?
Lighter (LIT) is a decentralized perpetual futures exchange built as a custom zero-knowledge rollup on Ethereum, designed to deliver centralized exchange-level speed and transparency with zero fees for retail traders.
Release history
- Jun 2026 - Will Price reported that Lighter processed over 10,000 transactions per second, the most in the Ethereum ecosystem, while using only about 1% of blob space.
- Jun 2026 - Will Price stated that over the prior month, Lighter bought back twice the percentage of its supply (both circulating and fully diluted) compared to Hyperlid.
- Jul 2026 - Tushar Jain noted that Hyperlid has a much higher ratio of liquidations to trading volume compared to Lighter and Aster, its main competitors.
In the discourse
Attributed discussion of Lighter.
Will Price on Lighter's throughput efficiency versus the rest of Ethereum.
“I think yesterday lighter had something like over 10,000 transactions per second which is far and away the most in the Ethereum ecosystem while only using maybe 1% of the blob space.”Will Price · 9 Jun 2026
Lighter hit over 10,000 transactions per second on Ethereum, the highest in the Ethereum ecosystem, while consuming only about 1% of blob space.
“I think yesterday lighter had something like over 10,000 transactions per second which is far and away the most in the Ethereum ecosystem while only using maybe 1% of the blob space.”Will Price · 9 Jun 2026
Hyperliquid has a significantly higher liquidations-to-trading-volume ratio than competitors Aster and Lighter, suggesting more genuine user risk-taking.
“Hyperlid has a much higher ratio of liquidations to trading volume compared to Aster and Lighter who are the main competitors.”Tushar Jain · 7 Jul 2026
Lighter (LIT): an Ethereum-based perpetuals exchange claiming record throughput, zero taker fees, superior trade latency versus Hyperliquid, and an aggressive token buyback program.
“I think yesterday lighter had something like over 10,000 transactions per second which is far and away the most in the Ethereum ecosystem while only using maybe 1% of the blob space.”Will Price · 9 Jun 2026
Lighter bought back twice the percentage of its supply compared to Hyperliquid over the prior month, a ratio that holds for both circulating and fully diluted supply.
“Over the last month, lighters bought back, you know, twice the percentage of the supply. that's true of the circulating supply and the fully diluted supply because those ratios are about the same for both projects as Hyperlid has.”Will Price · 9 Jun 2026