Overview
- The $68 million round was led by Founders Fund and Ribbit Capital with participation from Haun Ventures and Robinhood, according to Fortune reporting cited by Yahoo Finance.
- Lighter operates an Ethereum-based Layer-2 using zero-knowledge proofs and an on-chain orderbook designed to cut slippage, eliminate MEV, and offer 0% fees.
- The exchange specializes in perpetual futures and says it plans to launch spot trading in the coming days.
- Analyst Eugene Bulltime said on X that upcoming spot markets could achieve roughly 5 millisecond latency and scalability comparable to traditional finance venues, potentially appealing to high-frequency traders.
- Yahoo Finance reports the invite-only platform has surged in 2025, including outperforming Hyperliquid and Aster in weekly perpetual volume in the run-up to Nov. 11.