Overview
- Founders Fund and Ribbit Capital led the round, with Haun Ventures and Robinhood also investing.
- The financing includes equity and token warrants in advance of a token-generation event, according to the company.
- Lighter operates a zk-rollup perpetuals exchange on Ethereum with an orderbook design, and the CEO says spot trading is planned.
- DeFiLlama data cites about $279.5 billion in 30-day perp volume, $1.15 billion in TVL, and roughly $1.7 billion in open interest.
- The company says the funds will support an institutional trading suite, low-latency infrastructure, and a full public launch as it challenges Hyperliquid and Aster.