@xax
1/ What is Lighter?
-Lighter is a decentralized perpetuals exchange (Perp DEX) built as an application-specific zk-rollup on Ethereum.
-Goal: combine Ethereum-level security with CEX-like speed and scalability.
-Order matching, risk checks, and liquidations are verified via zero-knowledge circuits (zk).
-User funds stay on Ethereum smart contracts, and all state updates are published and verifiable on-chain.
2/ Lighter’s Position in the Ethereum Landscape
-Sits among application-specific zk-rollups, focused on derivatives.
-Aims to be the Ethereum-native alternative to off-chain perp DEXs.
-Already ranks among the top L2s by TVL.
-Zero-fee for retail traders, with fees targeting high-frequency API flows.
If you want a join Ligther and trade there is my Ref for supporting my work : https://app.lighter.xyz/trade/ETH?referral=4F3RR86DZ83M