The DEX for trading perpetual contracts, Lighter, based on Arbitrum, has announced the full launch of its L2 network after eight months of beta testing. The TGE is expected by the end of the year.
The Lighter public mainnet is live after 8 months of private beta!
Trade perpetuals with low costs and low latency on Ethereum L2 with custom ZK circuits for verifiable matching and liquidations. Experience onchain trading at the performance grade of high frequency finance. pic.twitter.com/v1VwADVAA8
— Lighter (@Lighter_xyz) October 1, 2025
The second-layer solution is built using ZK technologies for transaction verification. The team also introduced an updated block explorer for transaction monitoring and confirmed the successful completion of a smart contract security audit.
According to the developers, key advantages of the L2 network include instant order execution, no slippage, and minimal fees for retail users, who will retain free access to basic functionality.
For market makers and high-frequency traders, Lighter has introduced fees for using the API. The decentralized exchange has also enhanced its protection system against Sybil attacks and market manipulation.
During the testing phase, the platform attracted 188,000 unique users and more than 50,000 daily active traders.
The platform’s upcoming plans include strengthening integration with the DeFi ecosystem and implementing a fee distribution mechanism among future Lighter native token holders.
Alongside the L2 network launch, the second season of the points accumulation program has begun. It will run until the end of 2025.
Another Competitor to Hyperliquid?
Lighter ranks third in daily trading volume with $7 billion, trailing behind Hyperliquid and Aster, which have $9.4 billion and $81.7 billion respectively.
Since its launch in April this year, the platform’s TVL has exceeded $816 million.
Earlier, ARK Invest CEO Cathie Wood compared Hyperliquid to “early Solana.”