Lighter DEX, an Ethereum-based Layer-2 decentralized exchange built for perpetual futures, has reached a $1. 5 billion valuation before its TGE (token generation event), marking one of the largest raises of 2025 in DeFi. The decentralized exchange has recorded significant growth in 2025, prompting comparison to moire established DEXs like Uniswap and Hyperliquid. Lighter Achieves $68 Million Raise Led by Founders Fund and Ribbit Capital According to Fortune, Lighter secured $68 million in fresh funding from Founders Fund and Ribbit Capital
source: https://beincrypto.com/lighter-dex-secures-68m-1-5b-valuation/