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Lighter raised $68M in its latest funding round. The Ethereum-based perpetual trading protocol just secured backing from some of the biggest names in the industry. Thread below: Funding amount: $68 million Round type: Funding Round Lead investors: * Ribbit Capital * Founders Fund Other backers: * Robinhood * Haun Ventures Lighter is a perpetual trading protocol built on Ethereum. It focuses on: * Capital efficiency * Low latency * Deep liquidity The goal: bring CEX-level performance to on-chain trading. The investor lineup speaks volumes. Founders Fund and Ribbit Capital leading the round shows strong conviction. Robinhood joining in signals a growing bridge between TradFi and DeFi. Lighter aims to solve key problems in DeFi trading: * Fragmented liquidity * Slow execution * Inefficient capital use If successful, it could redefine how perpetuals work on Ethereum. With $68M in fresh capital and top-tier backers, Lighter is positioning itself as a major competitor to dYdX, Hyperliquid, and Aevo.