Lighter vs Veranta
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
| Line | Lighter | Veranta |
|---|---|---|
| 30-day volume | #P03 · $52,570.0MEdge | #P11 · $3,194.0M |
| Trading fees | 0% maker · 0% takerStandard accounts, the default, pay no maker or taker fee on perps or spot, at the cost of slower matching (300ms taker latency). Premium accounts are opt-in and get faster matching: 0.0040% maker and 0.0280% taker with no LIT staked, reduced by staking LIT.Edge | 0.045% taker · 0.001% makerNo order book: the venue prices against its vault and rewards the side that balances open interest. Opening or closing on the lighter side costs 0.001%, on the heavier side 0.045%, charged on notional at both ends. Forex, commodities, indices and equities trade with zero commission while those markets are in growth mode, and Upside Perps skip upfront fees to take a share of profits instead. Funding and borrow are charged while the position is open. |
| New-user perk | One week of Premium for free: the fees paid during that week are rebatedEdge | None documented |
| Max leverage | up to 50× | up to 500×Edge |
| Perp markets | 210Edge | 100 |
| Identity check | No KYC | No KYC |
| Custody | Non-custodial: Ethereum contracts hold the state root, escape hatch available | Non-custodial, gasless one-click trading from your wallet |
| Settles on | Lighter Core (ZK rollup anchored on Ethereum) | Base (Avantis/Veranta contracts) |
| Collateral | USDC | USDC |
| Where it runs | Web | Web |
| Chains | EVMEthereum | EVMBase |
| Documented features | 7 of 10Edge | 3 of 10 |
| Order book | Yes | No |
| Cross margin | Yes | Not documented |
| Spot trading | Yes | No |
| Vaults / copy vaults | Yes | Yes |
| Copy trading | Not documented | Not documented |
| Stocks, gold or forex | Yes | Yes |
| Points program | Yes | Not documented |
| API | Yes | Yes |
| Mobile app | Not documented | Not documented |
| Telegram bot | No | No |
Which one should you pick?
Pick Lighter if
Fees are your main cost and you accept slightly slower fills to keep them at zero.
Trading is free by default on Lighter, and the venue anchors its state root on Ethereum with a documented escape hatch. The catch is that free matching is slower, and the paid Premium tier exists above it.
app.lighter.xyz
Pick Veranta if
You want one account for FX, equities, commodities and crypto, and you are willing to trade the balancing side to pay almost nothing.
Avantis became Veranta, and the model stayed the same: an AMM-style venue where your fee depends on which side of the market you take, from 0.001% when you balance open interest to 0.045% when you add to it. Leverage reaches 500x on FX majors and 250x on blue-chip crypto through Upside Perps.
veranta.xyz
