Most tradable markets on a perp DEX, live count per venue
TradingLighter
Leads213
- p99
- 214
- rank
- #6
- samples
- 2,880
Ostium
Trails83
- p99
- 83
- rank
- #13
- samples
- 2,880
Active markets
Lightern/aOstiumn/a
Lighter vs Ostium
Lighter leads on 1 of 3 shared benchmarks, Ostium on 2. Lighter wins on Most tradable markets on a perp DEX, live count per venue (213 vs 83). Ostium wins on Perp DEX asset breadth (74 vs 38), Perp DEX capital efficiency (7 vs 0.290).
Lighter
Onchain perp DEX with a fully onchain orderbook on a zkSync rollup. ZK proofs verify matching, no off-chain sequencer for trade execution.
Ostium
Arbitrum-based perp DEX specialized in RWA exposure including FX, commodities and indices.
Side by side measurements
Perp DEX asset breadth: non-crypto markets live, forex + stocks + indices + commodities
TradingLighter
Trails38
- p99
- 38
- rank
- #11
- samples
- 2,880
Ostium
Leads74
- p99
- 74
- rank
- #7
- samples
- 235
Non-crypto markets
Lightern/aOstiumn/a
Market count reflects the Mobula perp pairs catalog at query time. Only mainnet markets are counted (testnets excluded). Asset class tags (forex, stocks, indices, commodities) are assigned by Mobula's editorial taxonomy and updated when new pairs are listed. Venues not in the Mobula catalog (Hyperliquid, GMX, dYdX, Ostium, Vertex, Paradex, Aster) are monitored separately: their catalogs are crypto-only or verified crypto-only by native API.
Perp DEX capital efficiency: active markets per $M TVL, live
TradingLighter
Trails0.290
- p99
- 0.291
- rank
- #11
- samples
- 2,880
Ostium
Leads7
- p99
- 7
- rank
- #3
- samples
- 2,880
Markets per $M TVL
Lightern/aOstiumn/a
TVL from DefiLlama /protocol/{slug} currentChainTvls, excluding staking and pool2 categories. Market count from each venue's native API (same source as the perp-active-markets bench). The ratio reflects architectural choices, not absolute liquidity: a high ratio means the venue can list many markets cheaply, not that each market has deep liquidity. Compare with perp-volume-share for the liquidity angle.
Perp DEX price to fees ratio 2026: Hyperliquid, Aster, Lighter, GMX, GNS live
Trading| Provider | Fees 30d | Revenue 30d | Open interest | Fees / OI |
|---|---|---|---|---|
| Lighter | $5.31M | $4.57M | $623.05M | 0.104x |
| Ostium | $319.1K | $198.9K | $6.45M | 0.602x |
View
Lightern/aOstiumn/a
P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.
Frequently asked questions
Lighter vs Ostium: which one is better?
Lighter and Ostium are compared on 4 shared OpenChainBench benchmarks. Lighter leads on Most tradable markets on a perp DEX, live count per venue. Ostium leads on Perp DEX asset breadth. See the live table on this page for every metric.
Which has the higher active markets, Lighter or Ostium?
On the Most tradable markets on a perp DEX, live count per venue benchmark, Lighter leads at 213 versus Ostium at 83. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher non-crypto markets, Lighter or Ostium?
On the Perp DEX asset breadth benchmark, Ostium leads at 74 versus Lighter at 38. Live measurement is updated continuously by the OpenChainBench harness.
How is the Lighter vs Ostium comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.