Lighter, a decentralized perpetual futures and ZK-rollup protocol, has successfully closed a $68 million funding round, reaching a valuation of $1.5 billion.
The investment round was led by Founders Fund and Ribbit Capital, with additional participation from Haun Ventures and Robinhood, according to Fortune. The exact terms and structure of the round were not disclosed. However, Lighter’s CEO, Volodymyr Novakowsky, confirmed that investors received a combination of equity and token warrants.
“We aim to become the infrastructure layer that ensures all financial activity is conducted fairly, transparently, and accurately,” Novakowsky said in an interview.
Lighter operates as a decentralized exchange built on a ZK-rollup layer over Arbitrum. Currently, the platform supports derivatives trading, but the team plans to introduce spot trading in the near future.
When asked about potential competition from Hyperliquid, another decentralized exchange, Novakowsky expressed satisfaction with Lighter’s current progress while emphasizing that the team will continue to develop the platform rigorously.
The project’s mainnet launched in early October 2025, and a token generation event (TGE) is expected by the end of the year.
For more details on activities available on Lighter, readers can refer to the official platform resources.
