Best report I've read on Robinhood Chain:
> Q2 crypto revenue fell 38% YoY to $100m accounting for 8% of revenue
> Retail crypto volume declined 36% YoY
> Crypto’s share of total AUC fell to all-time low of 7%
> Robinhood Chain had one of the strongest L2 launches in history
> Generated $3.6m in REV during July
> Accounted for 38% of all L2 chain revenue
>Memecoins drove activity, at 51% of July spot volume compared to just 5% for RWAs
> 48% of RWA volume occurred in liquidity pools pairing an RWA with a memecoin
> USDG already generates est. $10.5m in annualized interest income
> Lighter’s wallet-only integration accounted for just 0.2% of its total perps volume
from
@blockworksres
I'm bullish.