Lighter vs Veranta
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
See the 13 differences
| Line | Lighter | Veranta |
|---|---|---|
| 30-day volume | Edge#03 · $52,570.0M | #11 · $3,194.0M |
| Trading fees | Edge0% maker · 0% takerStandard accounts, the default, pay no maker or taker fee on regular perp and spot orders, at the cost of slower matching (300ms taker latency), but 1 bp (0.01%) on TWAP/advanced orders and RFQ. Premium/Advanced accounts are opt-in and get faster matching: 0.0040% maker and 0.0280% taker with no LIT staked, reduced by staking LIT. | 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 | EdgeA 10% discount on the fees you pay, rebated every Monday | None documented |
| Max leverage | up to 50× | Edgeup to 500× |
| Perp markets | Edge210 | 100 |
| Identity check (KYC) | 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 | Edge8 of 10 | 3 of 10 |
| Order book | Yes | No |
| Cross margin | Yes | No |
| 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 | Yes | 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.
Regular orders are 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.
Read the Lighter reviewSign up through this link: A 10% discount on the fees you pay, rebated every Monday.
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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.
Read the Veranta reviewveranta.xyz
