Side by side
Lighter vs NOXA Fun
Lighter and NOXA Fun both operate in the Perps & Derivatives part of the Robinhood Chain ecosystem. Lighter — The chain's official perps venue — a zero-fee ZK order-book DEX, USDG-collateralized, valued at ~$1.5B.. NOXA Fun — Robinhood Chain's leading token launchpad — single-sided Uniswap V3 liquidity, permanently locked, no migration..
Lightermainnet
The chain's official perps venue — a zero-fee ZK order-book DEX, USDG-collateralized, valued at ~$1.5B.
- What it is
- A zero-fee perpetual-futures DEX built on custom ZK infrastructure — an application-specific ZK-rollup anchored to Ethereum that proves order matching, funding, and liquidations before settlement.
- Role on the chain
- The official perpetuals trading partner for Robinhood Chain; eligible users trade perps through Robinhood Wallet with USDG as collateral and quote asset.
- Founder
- Vladimir Novakovski, a former Citadel engineer.
- Funding
- Raised $68m in November 2025 at a ~$1.5bn valuation, led by Founders Fund and Ribbit Capital, with Haun Ventures, Dragonfly, Craft Ventures, and Robinhood participating.
NOXA Funmainnet
Robinhood Chain's leading token launchpad — single-sided Uniswap V3 liquidity, permanently locked, no migration.
- What it is
- The leading token launchpad on Robinhood Chain — a hybrid model that deploys tokens directly onto Uniswap V3 with single-sided liquidity and permanent LP locking.
- How a launch works
- One transaction deploys a new ERC-20, adds single-sided liquidity to a Uniswap V3 pool at the 1% fee tier, and makes it tradeable. The LP is locked permanently in a locker contract that cannot move, migrate, or be pulled.
- Graduation
- Graduation milestones based on net buys and liquidity thresholds still exist, but they are markers rather than liquidity events, since the LP is on a real DEX from the start.
- No token taxes
- Uses the standard Uniswap V3 1% fee tier rather than custom token taxes; the fee structure is identical for every token.
The record
How they compare
| Field | Lighter | NOXA Fun |
|---|---|---|
| Type | defi | defi |
| Category | Perps & Derivatives | Launchpads & New Tokens |
| Status | mainnet | mainnet |
| Chains | Robinhood Chain, Ethereum | Robinhood Chain |
| Website | Yes | — |
| Docs | Yes | Yes |
| GitHub | — | — |
| Confidence | 82% | 78% |
| Sources | 5 | 4 |
| Reported valuation | $1.5B | — |
| NOXA Fun TVL | — | $4.2M |
Read on
Answers
Lighter vs NOXA Fun: questions
- What is the difference between Lighter and NOXA Fun on Robinhood Chain?
- Lighter is The chain's official perps venue — a zero-fee ZK order-book DEX, USDG-collateralized, valued at ~$1.5B.. NOXA Fun is Robinhood Chain's leading token launchpad — single-sided Uniswap V3 liquidity, permanently locked, no migration.. Both sit in the Perps & Derivatives part of the Robinhood Chain ecosystem.
- Is Lighter or NOXA Fun live on Robinhood Chain?
- Both are live on Robinhood Chain mainnet. Lighter is mainnet and NOXA Fun is mainnet.
- Should I choose Lighter or NOXA Fun?
- It depends on your use case — both serve the Perps & Derivatives role on Robinhood Chain. Compare them on type, status, chains, integrations and source-backed confidence (Lighter: 82%, NOXA Fun: 78%), then read each full profile before deciding.