CASHCAT Rebounds 120% as Robinhood Chain TVL Climbs

CASHCAT is getting a lift from renewed trading on Robinhood Chain, where TVL and tokenized assets keep rising. Lending, stablecoins, and DeFi protocols like Morpho and Ethena are pulling in more capital.

Key Takeaways

• CASHCAT rose 120% in a week to about 8.7 cents, but it is still well below its peak of around 22 cents in July.
• The token has about 41,200 holders, a market cap of $86 million, and a trading volume of $9 million.
• TVL on Robinhood Chain climbed 20% in seven days to $774 million, while tokenized assets and stablecoins kept growing.

CASHCAT has surged 120% over the past week and is trading near 8.7 cents again, while total value locked on Robinhood Chain has climbed to $774 million (€670 million). The memecoin, which became one of the early standouts on the network, has recovered part of the drop that followed the launch frenzy in July. Even so, it remains far below its mid-July high of about 22 cents.

CASHCAT Is Drawing Buyers Again

The token is also up 22% on the day, with a market cap of roughly $86 million (€74.4 million) and about $9 million (€7.8 million) in trading volume. That kind of move stands out because many of the tokens launched alongside CASHCAT have since faded away or barely trade at all.

CASHCAT was not launched by Robinhood itself. Instead, it came from outside traders building around the cat-with-money logo the company used before its rebrand. The project even describes itself on its own site as "fan fiction with a ticker." In the first week after mainnet went live on July 1, CASHCAT became the chain's first major breakout, with some early wallets seeing seven-figure gains.

Launchpads Are Cooling Off

The wider momentum around the chain has clearly slowed. Noxa, the launchpad behind the July rally, stopped new launches on July 11 and went offline two days later. According to the available data, daily token deployments on the launchpads have dropped from around 35,000 in mid-July to roughly 10,000 now.

Even with that slowdown, CASHCAT has not slipped back into obscurity. DEXTools data shows about 41,200 holders, the full supply of 989 million tokens already in circulation, and the Uniswap liquidity pool as the largest individual holder. That pool holds about $5 million (€4.3 million), down from the $6.6 million (€5.7 million) that supported a $105 million (€90.9 million) valuation in July, but still more than any other memecoin pool on the chain.

TVL and Tokenized Assets Keep Growing

Activity underneath the surface on Robinhood Chain is still moving higher. TVL has risen 20% in the past seven days, led mostly by lending and asset management, which account for most of the total. Morpho is the largest lending market at $332 million (€287 million) and serves as the backbone for Robinhood's own onchain earn product, while Ethena holds $236 million (€204 million) and issues a dollar-pegged token that pays yield to holders.

Robinhood Chain runs on Arbitrum technology and is built for tokenized real-world assets, including stocks and ETFs, with support from DeFi protocols like Uniswap to help with trading and liquidity. For European crypto readers, that matters because it shows how traditional investment products and onchain markets are moving closer together. Tokenized assets on the network now have an active market value of $100 million (€86.6 million), up from about $70 million (€60.6 million) at the end of July.

That growth also fits into a broader move toward tokenized assets. In July, RWA tokens were already one of the strongest themes in crypto, which only adds to the case that demand for these onchain products is still building.

Stablecoins on the chain now total $575 million (€498 million), up 14% from a week ago. Robinhood is still covering gas fees for now, through roughly the end of September, so the first real test comes after that, when users will have to start paying transaction costs themselves.