The post Lighter secures $68M in new funding round backed by Peter Thiel’s Founders Fund and Robinhood appeared on BitcoinEthereumNews.com. Key Takeaways Vladimir Novakovski, the Harvard prodigy and former Citadel engineer, raised $68 million for his decentralized trading platform Lighter. Operates as a custom layer 2 on Ethereum, focusing on verifiable matching and liquidations. Lighter, a decentralized perpetual trading protocol, has secured $68 million in funding led by Peter Thiel’s Founders Fund and Ribbit Capital, with participation from Haun Ventures and Robinhood, according to Fortune. The round follows an earlier $21 million raise led by Haun Ventures and Craft Ventures, bringing total funding to nearly $90 million. Lighter operates a layer 2 exchange on Ethereum, enabling perpetual futures and soon spot trading. With early profitability and a strong technical team, the startup positions itself as a high-performance alternative to other perpetual DEXs by focusing on verifiable proofs for faster and more transparent on-chain trading. Corporate interest in DeFi has grown as more firms explore decentralized vaults for managing spare cash amid easy access and competitive yields. Source: https://cryptobriefing.com/lighter-raises-68m-for-crypto-trading-protocol/The post Lighter secures $68M in new funding round backed by Peter Thiel’s Founders Fund and Robinhood appeared on BitcoinEthereumNews.com. Key Takeaways Vladimir Novakovski, the Harvard prodigy and former Citadel engineer, raised $68 million for his decentralized trading platform Lighter. Operates as a custom layer 2 on Ethereum, focusing on verifiable matching and liquidations. Lighter, a decentralized perpetual trading protocol, has secured $68 million in funding led by Peter Thiel’s Founders Fund and Ribbit Capital, with participation from Haun Ventures and Robinhood, according to Fortune. The round follows an earlier $21 million raise led by Haun Ventures and Craft Ventures, bringing total funding to nearly $90 million. Lighter operates a layer 2 exchange on Ethereum, enabling perpetual futures and soon spot trading. With early profitability and a strong technical team, the startup positions itself as a high-performance alternative to other perpetual DEXs by focusing on verifiable proofs for faster and more transparent on-chain trading. Corporate interest in DeFi has grown as more firms explore decentralized vaults for managing spare cash amid easy access and competitive yields. Source: https://cryptobriefing.com/lighter-raises-68m-for-crypto-trading-protocol/