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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/06/2026

CASHCAT Surges 120% as Robinhood Chain TVL Hits $774 Million

What happened: CASHCAT, the memecoin that marked Robinhood Chain’s July debut, rallied 120% over the past week and 22% in the last 24 hours, now trading near $0.

CASHCAT Surges 120% as Robinhood Chain TVL Hits $774 Million

What happened: CASHCAT, the memecoin that marked Robinhood Chain’s July debut, rallied 120% over the past week and 22% in the last 24 hours, now trading near $0.087 with an $86 million market cap and $9 million in daily volume. Robinhood Chain’s total value locked (TVL) climbed to $774 million, up 20% week-over-week, with stablecoins accounting for $575 million and tokenized real-world assets (RWAs) at $100 million. Lending (Morpho) and asset management (Ethena) protocols dominate TVL, while daily token launches have fallen sharply since mid-July.

Why it matters: The surge in CASHCAT and Robinhood Chain’s TVL highlights the persistent influence of memecoins, even as the chain’s official narrative centers on tokenized assets and RWAs. CEO Vlad Tenev’s recent pivot to embrace memecoins underscores the tension between speculative activity and institutional ambitions. Despite the chain’s RWA focus, memecoins continue to drive user engagement and capital flows.

Source: CoinDesk