lighter posted $14m gross profit in Q1 at 74% margins, processed $232b in monthly volume pre-token, and 4 days ago plugged directly into 28m robinhood users with citadel providing liquidity on robinhood chain. lighter founder and vlad tenev went to high school together. $620m market cap trading at 8x revenue. hyperliquid trades at 12-15x. options launch and CFTC license pursuit both on the Q3 roadmap ...