Lighter (Spot) ⭐ Rate it

Trust Score Rank
#223
24h Volume (BTC)
345.61189048457
Country
United States
Established
2025
Author
Alan Zelvin
Alan Zelvin
Founder & Research Lead
Reading time
2 min
Comments
0
Dates Published / Modified
/

Lighter (Spot) exchange snapshot

Decentralized (DEX). Country United States. Established 2025. Trust rank 223. Reported 24h volume 345.61 BTC.

Coverage: 2 active pairs across 2 tradable assets. Top ten pairs share 100.0%. Key pairs include LIT/USDC, ETH/USDC. Leading pair LIT/USDC. Median spread on leading markets 0.07%. Volume mix: USDC is the largest tracked quote currency at about 100.0% of measured flow. Data scope: 2 tickers observed, with spread readings on 2 markets.

How to read these exchange metrics

Trust rank is a comparative venue metric, not a guarantee of solvency or customer protection. Coverage counts observed markets, while concentration shows how much measured volume is assigned to the leading pairs. Median spread summarizes the bid ask gap in the observed leading markets; actual execution also depends on order size, depth, location, and market conditions.

Methodology responsibility: YearBull’s analytical methodology and presentation rules are developed and maintained by Alan Zelvin, Founder & Lead Crypto Researcher. This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.

Figures may change as exchange and ticker snapshots are refreshed. Read the YearBull methodology.

Lighter (Spot) liquidity and coverage analysis

The current local dataset contains 2 observed pairs, 2 represented assets, 2 ticker records. The ten leading pairs account for about 100.0% of measured volume, a concentrated distribution. Median spread across the observed leading markets is 0.07%. The local volume series contains 30 points; its first to latest change is -29.9%, with a median observation of 51.76 BTC.

Coverage and reported volume show the scope of observed markets, not custody quality, solvency, regulatory availability, or guaranteed execution. Pair level depth and withdrawal conditions should be checked for the intended transaction.

Exchange Notes

Table of Contents
  1. Lighter (Spot) exchange research overview
  2. Coverage and concentration
  3. Historical volume context
  4. How to evaluate Lighter (Spot)
  5. Key risks and limits
  6. Primary sources and review scope

Lighter (Spot) exchange research overview

Lighter (Spot) is tracked as a decentralized exchange under lighter-spot. The source profile lists United States as its country or jurisdiction. A founding or launch year of 2025 is recorded. This profile analyzes observed market structure and is not an endorsement.

Coverage and concentration

The dated snapshot contains 2 active pairs, 2 tradable assets, 2 ticker observations. The leading observed pair is LIT/USDC with about 93.1% of measured volume. The ten leading pairs account for about 100.0%, which is concentrated. Median spread across leading observed markets is 0.07%.

Historical volume context

The local series contains 30 observations. First to latest reported volume changed -29.9%; the median was 51.76 BTC, compared with a measured range of 12.66 to 165.28 BTC. Reported activity does not by itself establish executable depth for a specific order.

How to evaluate Lighter (Spot)

Compare fees, pair level depth, deposits and withdrawals, custody or contract design, account protections, token verification, and local eligibility. At the 2026-09-12 review, the source trust rank was #223. Trust rank, coverage, concentration, and spread answer different questions and should be read together.

Key risks and limits

Smart contract faults, oracle or bridge dependencies, front end availability, token verification, pool depth, wallet security, governance, and routing can affect execution. Terms, interfaces, listed markets, and regulatory availability can change. Verify current conditions directly with the venue.

Primary sources and review scope

YearBull methodology | Official exchange website. Identity and cached market fields were reviewed on 2026-09-12. The live exchange snapshot may be newer than this editorial review.

Related Research

Continue with contextually connected profiles and category data:

Exchange Trade Volume