Lighter vs Uniswap

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

Lighter3.6/5
VS
Uniswap4.1/5
Feature
Ratings
Our score3.6/54.1/5
User ratingNo reviews yetNo reviews yet
Liquidity & pricing3.54.5
Fees4.53.5
Security4.04.0
Ease of use3.54.0
Chain coverage2.54.5
Specs
KYC requiredNot disclosed No
TypeOrder book, PerpetualsAMM
ChainsEthereum, Arbitrum, OtherEthereum, Base, Arbitrum, BNB Chain, Other
Swap feeZero fees for retail traders; maker and taker fees apply to Lighter SpotNot disclosed
Limit orders Yes Yes
Cross-chain swapsNot disclosed Yes
Audited Yes Yes
Open sourceNot disclosed Yes
Governance tokenLITUNI
Perpetual futures Yes No
Routes across other DEXs No Yes
MEV protectionNot disclosed Yes
Mobile app Yes Yes
Points or rewards program YesNot disclosed
Company
Founded20222018
Headquarters—United States
InvestorsFounders Fund, Ribbit Capital, Haun Ventures, Robinhood Markets +4Polychain Capital, BlackRock, Andreessen Horowitz, Paradigm +8
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
  • Non-custodial wallet trading across 16+ EVM mainnets
  • V3 offers four published pool fee tiers
  • V4 supports programmable hooks and concentrated liquidity
  • UniswapX can shift gas payment to fillers
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
  • Pool fees vary by market and network gas is separate
  • Thin pools can produce high slippage and poor execution
  • Liquidity providers face out-of-range and impermanent-loss risk
  • V4 hooks and fillers add external smart-contract dependencies
Best forOn-chain perpetuals traders, Ethereum-based spot traders, Users seeking ZK-verified matchingOn-chain token traders, Concentrated liquidity providers, Developers building EVM swaps

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.

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