How much can you earn with Lighter referrals?

I don't have Lighter's specific referral-program terms — that isn't data my tools return, and I won't guess a number. Here's what I can tell you honestly, based on how referral programs at perp DEXs like Lighter typically work, plus where to get their actual figures.

How perp DEX referral earnings usually work

• A % of trading fees — the classic model: you earn a cut of the fees generated by each trader who signs up through your link, on every trade they make. This is recurring income that scales with their volume, not a one-time payout.
• Tiered / volume-based rates — many platforms pay a base rate (often in the single-to-mid digit percentage of referred fees) and let you earn more as either you or your referred traders hit volume thresholds. Higher-tier affiliates get a bigger share.
• Paid in the platform's token or stablecoin — some pay referral rewards in their native token (which adds a vesting/claim step and price exposure), others in USDC or similar. The payout token matters for how much it's actually worth to you.
• Caps and conditions — check whether there's a max monthly reward, whether the referred trader needs to stay active, and whether the % applies to the full fee or just the platform's own cut (much of a fee often goes to LPs, so "10% of fees" and "10% of revenue" are different numbers).

The honest caveat

"Lighter referrals" actually covers two different things — their affiliate/referral program for traders, and its tokenomics — and the specific rate (say, "X% of referred trading fees") is published by Lighter themselves on their docs or in-app, which I can't verify from here. Before committing to it, I'd confirm three things directly: the payout percentage, whether it's tiered, and whether rewards are capped or in a token that could lose value before you claim.

If you tell me what you're actually optimizing for — flat passive income from a small group, or a large-scale affiliate push — I can lay out the trade-offs more concretely. And if you'd rather just look at which Solana perp platforms are seeing real usage right now, I can pull that comparison for you too.

Also tracked: FomoDownload App, GMTradeTrade Now.