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Ethereum-based trading protocol Lighter has secured $68 million in new funding at a $1.5 billion valuation, The Block reports.
What’s the Scoop?
- Heavyweight backers: The round was co-led by Founders Fund and Ribbit Capital, with participation from Haun Ventures and Robinhood, a report in Fortune notes.
- Dual design: Lighter operates as both a Layer 2 network and a decentralized exchange, supporting perpetual futures that allow traders to go long or short without expiration.
- Performance play: By combining onchain verification with a high-throughput matching engine, the protocol aims to match CEX-level performance while maintaining full decentralization. Its native L2 minimizes gas fees and enables instant, auditable settlements.
