Lighter (LIT) Gains 35% Thanks to Robinhood Partnership

On July 1, Robinhood Markets (HOOD) began routing trading in perpetual futures contracts through Lighter (LIT), leading to a 35% increase in LIT's token value over the week ending July 7. Lighter's 24-hour trading volume reached $1.3 billion on July 7, with the potential for $95 million in annual trading fee revenue. However, Lighter's revenue has declined from nearly $40 million in Q4 2025 to under $10 million in Q2 2026. As Robinhood focuses its service primarily on the EU, the impact on Lighter's overall market growth remains limited despite increased trading activity. This is significant for investors as it indicates a new competitive landscape in the decentralized trading sector.