Lighter Hits $1.5 Billion Valuation Before TGE
Lighter DEX, an Ethereum-based Layer-2 decentralized change constructed for perpetual futures, has reached a $1.5 billion valuation earlier than its TGE (token era occasion), marking one of many largest raises of 2025 in DeFi.
The decentralized change has recorded vital progress in 2025, prompting comparability to moire established DEXs like Uniswap and Hyperliquid.
Lighter Achieves $68 Million Raise Led by Founders Fund and Ribbit Capital
According to Fortune, Lighter secured $68 million in contemporary funding from Founders Fund and Ribbit Capital. Other contributors embody Haun Ventures and Robinhood.
The spherical cements Lighter’s valuation at $1.5 billion, highlighting investor confidence in its high-speed, zero-knowledge-powered buying and selling infrastructure.
The change at the moment makes a speciality of perpetual contracts and plans to roll out spot buying and selling within the coming days. The transfer might place it as a direct challenger to Uniswap DEX.
Analyst Eugene Bulltime mentioned on X (Twitter) that Lighter’s upcoming Spot Markets might set off a shift within the DEX sector, providing latency as little as 5 milliseconds and scalability rivaling conventional finance exchanges.
According to the DeFi researcher, Lighter’s structure might disrupt Uniswap’s AMM mannequin, which has outlined on-chain buying and selling for years.
Unlike conventional liquidity swimming pools, Lighter’s orderbook-based system allows actual buying and selling with minimal slippage, no MEV, and 0% charges. These situations might entice high-frequency merchants migrating from centralized exchanges.
“The AMM solved early DEX issues…but it surely’s not sustainable for actual buying and selling. New gamers like Lighter will put vital stress on Uniswap’s DEX enterprise,” Bulltime defined.
Record Trading Volumes and Rising Market Share
Lighter’s progress metrics are already outpacing expectations. Data compiled by Dami DeFi exhibits Lighter recorded $73.77 billion in seven-day perpetual quantity, surpassing each Aster ($72.03 billion) and Hyperliquid ($70.42 billion).
On November 11, its 24-hour buying and selling quantity hit $10.08 billion, forward of Hyperliquid’s $8.54 billion and EdgeX’s $5.61 billion.
The surge is pushed by high throughput (650,000 TPS) and low fees, which have made Lighter some of the energetic Layer-2s in 2025.
Despite its momentum, the change nonetheless trails its rivals in open curiosity, at roughly $500 million, elevating questions on its sustainability as soon as incentive campaigns fade.
Community Airdrop and Speculation on FDV
Lighter plans to conduct a This autumn token airdrop, allocating 25–30% of the provision to the group, in keeping with early sources.
The venture’s upcoming token generation event has already sparked hypothesis on Polymarket, the place merchants are betting on its absolutely diluted valuation (FDV) post-launch.
With its funding secured and buying and selling quantity climbing, Lighter’s upcoming TGE might turn into one of many 12 months’s most-watched DeFi occasions.
If its know-how delivers on velocity and scalability guarantees, the venture might redefine on-chain buying and selling, doubtlessly setting a brand new benchmark for L2 efficiency.
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