Lighter vs Osmosis Labs

How Lighter vs Osmosis Labs compare on our ratings, dex specs, funding, pros and cons.

Lighter3.6/5
VS
Feature
Ratings
Our score3.6/54.0/5
User ratingNo reviews yetNo reviews yet
Liquidity & pricing3.53.0
Fees4.54.5
Security4.04.0
Ease of use3.54.5
Chain coverage2.54.0
Specs
KYC requiredNot disclosed No
TypeOrder book, PerpetualsAMM, Order book
ChainsEthereum, Arbitrum, OtherOther
Swap feeZero fees for retail traders; maker and taker fees apply to Lighter SpotVaries by pool
Limit orders Yes Yes
Cross-chain swapsNot disclosed Yes
Audited YesNot disclosed
Open sourceNot disclosed Yes
Governance tokenLITOSMO
Perpetual futures YesNot disclosed
Routes across other DEXs NoNot disclosed
MEV protectionNot disclosed Yes
Mobile app YesNot disclosed
Points or rewards program Yes Yes
Company
Founded20222021
Headquarters—Singapore
InvestorsFounders Fund, Ribbit Capital, Haun Ventures, Robinhood Markets +4Paradigm, Do Kwon, Ethereal Ventures, Figment +2
Strengths and weaknesses
Pros
  • Zero advertised fees for retail trading
  • Ethereum verifies proofs for matching and liquidations
  • Spot and perpetual markets share one exchange
  • $728.11 million TVL on October 17, 2026
  • No identity verification or KYC required for trading
  • Gas fees can be paid in over 160 different supported assets
  • Superfluid staking earns staking yields on active pool liquidity
  • On-chain ProtoRev module captures MEV directly for the protocol
Cons
  • Perpetuals carry liquidation and leverage risk
  • Maker and taker fees apply to spot and perps
  • Custom rollup and bridge components add technical risk
  • Thin markets can create slippage and liquidation risk
  • IBC rate limiting can temporarily halt cross-chain transfers during sudden volume spikes
  • Exposure to counterparty bridge exploits on wrapped non-native assets
  • Total value locked stood at about $11.3 million in October 2026
Best forOn-chain perpetuals traders, Ethereum-based spot traders, Users seeking ZK-verified matchingCosmos ecosystem token traders, Non-custodial cross-chain swappers, Concentrated liquidity yield providers

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