Lighter vs PancakeSwap
How Lighter vs PancakeSwap compare on our ratings, dex specs, funding, pros and cons.
| Feature | ||
|---|---|---|
| Ratings | ||
| Our score | 3.6/5 | 4.0/5 |
| User rating | No reviews yet | No reviews yet |
| Liquidity & pricing | 3.5 | 4.5 |
| Fees | 4.5 | 3.5 |
| Security | 4.0 | 3.5 |
| Ease of use | 3.5 | 4.0 |
| Chain coverage | 2.5 | 5.0 |
| Specs | ||
| KYC required | Not disclosed | No |
| Type | Order book, Perpetuals | AMM |
| Chains | Ethereum, Arbitrum, Other | BNB Chain, Ethereum, Aptos, Base, Arbitrum |
| Swap fee | Zero fees for retail traders; maker and taker fees apply to Lighter Spot | Fees vary by product and pool. |
| Limit orders | Yes | Not disclosed |
| Cross-chain swaps | Not disclosed | Yes |
| Audited | Yes | Yes |
| Open source | Not disclosed | Yes |
| Governance token | LIT | CAKE |
| Perpetual futures | Yes | Yes |
| Routes across other DEXs | No | Not disclosed |
| Mobile app | Yes | Not disclosed |
| Points or rewards program | Yes | Yes |
| Company | ||
| Founded | 2022 | 2020 |
| Headquarters | — | Japan |
| Investors | Founders Fund, Ribbit Capital, Haun Ventures, Robinhood Markets +4 | YZi Labs |
| Strengths and weaknesses | ||
| Pros |
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| Cons |
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| Best for | On-chain perpetuals traders, Ethereum-based spot traders, Users seeking ZK-verified matching | Multichain spot traders, BNB Chain liquidity providers, CAKE staking users |
Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.