Lighter Secures $68 Million in Funding at a $1.5 Billion Valuation, Supported by Founders Fund and Ribbit Capital in DeFi Sector

Funding and Valuation: Lighter secured $68 million in funding, achieving a valuation of $1.5 billion, with investments led by Founders Fund and Ribbit Capital, indicating renewed institutional interest in decentralized finance (DeFi) infrastructure.

Company Evolution: Founded by Vladimir Novakovski, Lighter transitioned from an AI-powered social networking app to a profitable decentralized trading network within two years, focusing on perpetual futures and preparing to launch spot trading.

Competitive Advantage: Operating on a Layer-2 network, Lighter benefits from enhanced transaction speed and cost efficiency, positioning itself favorably against competitors in the derivatives market.

Future Plans: With plans to expand its token offerings and introduce spot trading pairs, Lighter aims to evolve into a foundational layer for integrating digital assets with traditional markets, emphasizing trustless transparency in finance.