Lawyering requires care and attention to detail. No less an authority than Daniel Webster explained, “If he would be a great lawyer, he must first consent to become a great drudge.” A lawyer who comes to court and asks a judge to do something for his client has a professional obligation to take time to think carefully and in granular detail about the relief that he’s requesting to make sure it’s warranted. In addition, the lawyer should do his level best to make the judge’s life as easy as possible. Make exhibits accessible. Prepare them in a way that makes…

Yet the composition of activity tells a different story. According to data tracked by Dune Analytics, asset management accounts for 40.5% of value locked on the chain, while lending accounts for 38.3%. Spot exchanges are 11.9% and perpetual futures 5.2%. Real-world assets, Robinhood’s flagship use case behind the chain’s existence, are just 4.1%.The CASHCAT memecoin has also spawned an entire ecosystem of Robinhood-themed tokens, including Cash Dog in Hood, Little John, Hoodrat, and Arrow, none of which existed two weeks ago. The launchpad feeding them, NOXA.fun, and a trading bot called basedbot now have their own dedicated tracking dashboards.Stablecoins account…

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