Lighter.xyz is a zero-knowledge (ZK) rollup-based decentralized perpetual exchange on Ethereum Layer 2, positioning itself as a high-performance trading venue with cryptographically verifiable order matching. Backed by tier-1 venture capital including Andreessen Horowitz (a16z), Lightspeed Ventures, and Dragonfly Capital, the platform launched its private beta in January 2025 and transitioned to public mainnet in October 2025.