Gauntlet vs Lighter

Compare Gauntlet and Lighter on TVL, fees, revenue and activity to understand how these projects stack up.

$1.484B
Gauntlet provides institutional-grade risk modeling and optimization for DeFi protocols. Its platform powers vault strategies, levered RWA yields, and protocol risk parameters securing billions in on-chain assets.
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$593.19M
Lighter is a fully-verifiable decentralized exchange built as a zero-knowledge rollup on Ethereum, delivering high-frequency trading performance with onchain security and composability. Its custom ZK circuits prove every operation — including order matching and liquidations — with millisecond latency and the ability to process tens of thousands of orders per second. The optimized matching engine enables zero fees for retail traders and highly competitive pricing for high-frequency strategies, while deposits, withdrawals and proofs are verified publicly on Ethereum. Lighter's mainnet is live, offering low-cost, low-latency perpetual trading backed by transparent, cryptographically-secured settlement.
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Key Metrics Comparison

Gauntlet
TVL
$1.484B
24h Volume
N/A
24h Fees
$105.8K
24h Revenue
$1.1K
30d Fees
$3.24M
30d Revenue
$34.2K
7d TVL Change
-1.86%
Dominance
0.54%
Lighter
TVL
$593.19M
24h Volume
$1.809B
24h Fees
$186.4K
24h Revenue
$173.4K
30d Fees
$3.68M
30d Revenue
$2.73M
7d TVL Change
+4.30%
Dominance
0.21%

Category Performance

Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.

TVL Share

Share of combined TVL

TVL Share
Gauntlet
71.4%
Lighter
28.6%

Volume Share

Share of combined 24h volume

Volume Share
Gauntlet
1.0%
Lighter
1.0%

Fees Share

Share of combined 24h fees

Fees Share
Gauntlet
36.2%
Lighter
63.8%

Revenue Share

Share of combined 24h revenue

Revenue Share
Gauntlet
1.0%
Lighter
99.4%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Gauntlet
-1.86%
Lighter
4.30%

Dominance

Market dominance by TVL

Dominance
Gauntlet
0.5%
Lighter
0.2%
TVL Comparison
Gauntlet
Lighter