Lighter

Lighter is a ZK-based perpetuals venue available on Robinhood Chain, backed by investors including Founders Fund, Ribbit, Haun, Robinhood, and Coinbase. Because it runs its own zero-knowledge stack, much of its activity settles off the chain's own books and it under-shows in Robinhood Chain TVL — a reminder that headline chain metrics can undercount venues with their own execution layer.