| FEATURE | EDGEX | LIGHTER |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.038% | 0% |
| Maker Fee | 0.012% | 0% |
| Max Leverage | 100x | 50x |
| Perp Pairs | 176 | 100 |
| Spot Trading | Yes | Yes |
| KYC Required | No | No |
| Rating | 4.3 | 4.2 |
edgeX
PROS
- + Ultra-low perpetuals taker fee of 0.038% at base tier, reducing to 0.024% at VIP 6 ($2B+ volume), with zero maker fees at top tiers
- + Up to 100x leverage on major assets like BTC and ETH, with both cross and isolated margin modes
- + High-performance orderbook processing 200,000+ orders per second with sub-10ms matching latency, rivaling centralized exchanges
CONS
- − Only USDT as collateral — no multi-collateral support, though native USDC integration is planned via Circle partnership
- − Restricted in the US, Canada, Cuba, Iran, North Korea, Syria, Myanmar, and Crimea/Donetsk/Luhansk — VPN usage explicitly prohibited
- − Spot trading launched only in December 2025 and remains limited compared to established spot DEXs, with fees of 0.04% maker / 0.07% taker
Lighter
PROS
- + Zero trading fees for standard accounts — all retail makers and takers trade free; premium accounts pay only 0.004% maker / 0.028% taker with up to 30% discount via LIT staking (maker fees as low as 0.0028%, taker as low as 0.0196% at max tier)
- + ZK-proof verified trading: every order match, liquidation, and settlement is cryptographically proven via custom ZK circuits — no other perp DEX offers this level of on-chain verifiability
- + Massive trading volume: $232B in 30-day volume before TGE and ~$3.75-4.58B daily volume as of January 2026, making it one of the deepest liquidity pools for perp trading
CONS
- − Restricted in US, Canada, UK, China, Russia, Ukraine, North Korea, Cuba, Iran, Venezuela, and Syria — a broader exclusion list than most perp DEXs including the UK
- − TVL of ~$1-2B is significantly lower than Hyperliquid's $4B+ as of early 2026 — lower liquidity depth may mean worse fills for large orders
- − Only USDC and ETH accepted as collateral — no multi-collateral support like GMX; limited flexibility for users with other assets
Frequently Asked Questions
Is edgeX or Lighter better?
edgeX has a higher rating (4.3 vs 4.2). Lighter offers lower fees (0% vs 0.038%). Choose edgeX for higher leverage, and Lighter for lower fees.
What are the fees on edgeX vs Lighter?
edgeX charges 0.038% taker / 0.012% maker. Lighter charges 0% taker / 0% maker for perpetuals.