.@Lighter_xyz launched on @RobinhoodApp Chain to much fanfare, but it has yet to gain meaningful traction.

In July, Lighter’s Robinhood Chain deployment generated $86.8 million in perp volume, accounting for just 0.2% of total Lighter volume.

Lighter is integrated into Robinhood Wallet, not the main Robinhood app, and its lack of traction shows that Robinhood’s distribution power is concentrated in the main app, not its standalone crypto wallet.

https://x.com/AvgJoesCrypto/status/2087240174463832541