Luka the Dev

Catalytic converter enthusiast - all opinions are my own except for if I have to face any consequences for them, then its just satire

[Luka the Dev @luka_bpsdev]

Not now kitten theres a runner on the robinhood L3

[Luka the Dev @luka_bpsdev]

Its sort of beautiful how quickly the arbitrage bots adopted all of the stock token venues on @RobinhoodCrypto chain and basically closed out the arb. The invisible hand at work!

[Luka the Dev @luka_bpsdev]

@bitcoinduke @Lighter_xyz Its great you brought up that this was spot-only volume. Here is what the perps volume looks like. Tell me, where does wash trading 80% of total volume fit into this “long-term plan” of yours?

https://t.co/GuGNlRP4IC

[Luka the Dev @luka_bpsdev]

So its been almost a week after ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 launched on Robinhood Chain and I was curious how they were doing.

Their 24h volume numbers don't look bad. My sampling of their API shows 1.44M of notional volume on their perps dex, mostly in RWA perps.

Where this 1.44M volume is coming from is what is concerning. These trades are almost exclusively Lighter's maker desk and protocol pool trading between each other. Almost 100% of the trades in the top 2 markets were just this. Just back and forth trading between internal accounts. Left pocket to right pocket.

[Luka the Dev @luka_bpsdev]

@waitwhatwinnie @epic_edge_ Theyre all great, I just think the tiktok kids can also do well!

[Luka the Dev @luka_bpsdev]

.@epic_edge_ @waitwhatwinnie we should hire one of those tiktok sports edit accounts to make arcus tutorial videos

[Luka the Dev @luka_bpsdev]

@FrancoisChauba1 Its so funny that you just assume that they prefer living in the US instead of China. Like, thats a given in your little mind.

[Arcus @arcus_xyz]

Stock Token volume on Robinhood Chain, by venue.

no caption necessary

[Luka the Dev @luka_bpsdev]

@BlendingLogic All I did was tell some 60k follower KOL to “respectfully suck on it” - I don’t think that should be grounds for disciplinary action personally

[Luka the Dev @luka_bpsdev]

They took me badge

[Luka the Dev @luka_bpsdev]

Receding hairline guy who arrives late to baseball games so he doesn’t have to take his hat off for the national anthem

[Luka the Dev @luka_bpsdev]

@Route2FI Kust put them in my wallet and I will “yield” you back to where you came from bud

[Luka the Dev @luka_bpsdev]

@watchking69 At this point just buy the watch

[skooks @skooookum]

Time for your quarterly freak out over a benchmaxxed Chinese open source model

[Luka the Dev @luka_bpsdev]

@Evan_ss6 Also, if you want to stop just shouting into the wind about a product you haven't even used - DM me and I can get you into the Arcus beta. I think it would be nice for you to at least have used the products you are talking about, and we would love your feedback regardless.

[Luka the Dev @luka_bpsdev]

@Evan_ss6 You saying “categorically untrue” to this has about as much weight as you accusing the people posting about Arcus of taking a check. You’re the one out here throwing baseless accusations - I’d sooner die than apologize to you brother, respectfully choke on it.

[Luka the Dev @luka_bpsdev]

@Notshake Grown man out here wearing driving gloves smh

[Luka the Dev @luka_bpsdev]

@Ronangmi Brother its been out of hand for a long time now

[Luka the Dev @luka_bpsdev]

Shoutout to @Lighter_xyz for reducing their wash trading operations on Robinhood Chain to just 26% of total volume! Not long ago it was 85%, glad to see a positive trend!