Robinhood Chain Hits Record $4.6B Weekly Perps Volume, Lighter Dominates
- —Weekly perps volume on Robinhood Chain hit a record $4.601 billion since the July 1 launch
- —Lighter Robinhood Perps generated $3.46 billion over 7 days, about 75% of the chain total
- —Arcus Perps ranked second at $1.345 billion; Mog third at $34.33 million
- —Chain open interest stood at $251.25 million, with 30-day volume at $14.926 billion
Why it matters: Robinhood Chain has become a notable derivatives venue in under three months, but its market is heavily concentrated in a single protocol, Lighter.
Source: NullTX