Lighter (LIT)

Looks like the biggest cup and handle ever https://t.co/sSbgmw0VTn

Would be good if LIT closes above the orange line https://t.co/IbTk2re51i

robinhood chain is quietly becoming more useful stock tokens like $SPY are now accepted as collateral on Lighter. that means you can hold tokenized stocks like Apple, Tesla, Nvidia, etc. and use them as margin to trade perps. no need to sell into stables first. this is a pretty big step imo. why it matters: - stock holders get a cleaner path into onchain trading traders get more types of collateral - lighter gets more volume - $LIT gets better token economics through buybacks and burns - robinhood chain gets real usage, not just narrative 120+ countries can now access this flow. tokenized stocks as collateral is one of those ideas that feels obvious after it happens. early infrastructure usually looks boring first, then suddenly everyone uses it. always dyor and nfa.

$LIT is up +40% this month even as protocol revenue fell 21%. The reason is pretty simple. Two major catalysts landed within 10 days: > On July 1, @RobinhoodApp chose Lighter as their perps partner inside Robinhood Wallet. > Robinhood also allocated $11M in LIT incentives for Wallet traders and covered gas fees for the first 90 days. Then on July 11, Lighter completed its first revenue-funded burn. - 15.5M $LIT, ~6.3% of the circulating float. Obviously, numbers need to improve. But again, Robinhood brings distribution. Trading activity generates revenue. Revenue now funds burns. I think the market is pricing this as another Robinhood Chain growth proxy.

The reason why I have conviction on $LIT and a message to all @Lighter_xyz investors, traders, and community. In early 2025, a fellow options trader told me I needed to check out Lighter. I've been tracking the DEX space since 2021... from Hegic and Opyn on the options side to dYdX, GMX, and Hyperliquid on perps. I thought I'd seen every iteration of what a DEX could be. Then I met @vnovakovski for coffee in New York City. At first I thought I was at a perp dex pitch meeting. After a few more sips of coffee I realized he was describing a critical piece of infrastructure for the future of capital markets. Built on Ethereum. Ethereum is the longest running L1 with time-tested security and uptime that no other chain has come close to matching. I don't think crypto natives fully appreciate how important that decision was. Institutions do. Now, I already know what you might be thinking. It's not AI! We need more memory! We need more compute! Maybe Lighter isn't the sexiest story for the AI folks in Silicon Val