Lighter Hits $1.5 Billion Valuation Before TGE

This decentralized exchange has seen significant growth in 2025, earning it comparisons to many established DEXs like Uniswap and Hyperliquid.

Lighter raises $68 million led by Founders Fund and Ribbit Capital

According to Fortune, Lighter has secured $68 million in new funding from Founders Fund and Ribbit Capital. Other participants include Hoenn Ventures and Robinhood.

This round cements Lighter's valuation at $1.5 billion, reflecting investor confidence in its high-speed, zero-knowledge-powered trading infrastructure.

The exchange currently specializes in perpetual contracts and plans to launch spot trading in the coming days. This move could position it as a direct challenger to the Uniswap DEX.

Analyst Eugene Bultime stated on Twitter that Lighter's upcoming spot markets, with latency as low as 5 milliseconds and scalability rivaling traditional financial exchanges, could revolutionize the DEX sector.

This investment round brings Lighter's valuation to $1.5 billion, reflecting investor confidence in its high-speed, zero-knowledge-powered trading infrastructure.

The exchange currently specializes in perpetual contracts and plans to launch spot trading in the coming days. This move could position it as a direct challenger to the Uniswap DEX.

Analyst Eugene Bultime stated on Twitter that Lighter's upcoming spot markets, with latency as low as 5 milliseconds and scalability rivaling traditional financial exchanges, could revolutionize the DEX sector.

On November 11th, its 24-hour trading volume reached $10.08 billion, exceeding Hyperliquid's $8.54 billion and EdgeX's $5.61 billion.

This surge is due to high throughput (650,000 TPS) and low fees, making Lighter one of the most active Layer-2 exchanges in 2025.

Despite its momentum, the exchange still lags behind its competitors with open interest of around $500 million, raising questions about its sustainability once the hype fades.Lighter