Crypto Reviews

Lighter DEX Review – Is it Safe to Use?

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  • Lighter is a non-custodial, zero-fee, crypto perpetuals trading platform built on the Ethereum network. It offers up to 50X leverage for supported assets
  • Lighter Core is the operational engine of the Lighter DEX. It oversees onchain execution for orders matched off-chain, enabling the protocol to operate as a high-performance, self-custody perps trading platform.

Despite launching in the second half of 2025, Lighter DEX has climbed the ranks to become the third-largest crypto perps trading platform. Defillama reports an average daily trading volume of over $4 billion. Alongside Aster DEX and Hyperliquid, Lighter is competing with Centralized trading platforms for the crypto perps market share. 

TVL on Lighter has grown to over $1 billion since it launched on mainnet in October 2025. Usage metrics confirm a growing adoption of the platform. For existing users and traders who wish to migrate to Lighter, this article provides an in-depth review of how it works and how you can use it.

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Joel Agbo

Joel is a crypto content writer at CoinGape. He is a Technical and Content Writer with an in-depth knowledge of web3 and self-custody solutions, Fintech, and advanced computing. Joel has over 8 years of experience in creating content around blockchain technology and financial solutions. He has a long history of working with top crypto projects and writing for notable media, including Coingecko and CoinInsight. He has also held advisory positions in several startups and contributed to many successful launches. In his free time, he enjoys multiple sports and Comedy Sitcoms.

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