Qqq moved first and moved cleanest. Three tokens, all of them passing legitimacy checks, took $3,829,108 of the volume. That is real money behind a thin field. Chaos Cat ran second with seven tokens and $3,147,691, which means Qqq won despite fielding fewer instruments. The spread matters: fewer tokens, bigger volume per token.
iCoin launched five new pools in the last day and still only captured $2,101,464 across nineteen tokens. New supply did not translate to outpacing the leaders. Giga spread itself thinner still—twenty tokens, $1,889,908. Lly barely registered at $247,560 across seven tokens.
The story on Robinhood is concentration. Qqq's smaller roster moved the most money. Everything else was playing at lower intensity or chasing volume across too many instruments.
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