Key highlights:
- CASHCAT price spiked by almost 100% after reports of Robinhood US listing the memecoin
- Robinhood Chain’s TVL topped $774 million barely one month after its launch
- DeFi is driving the growth, with the network’s momentum facing its sternest test when Robinhood ends gas fee subsidies later this quarter
Robinhood Chain-based CASHCAT has surged by almost 100% in the last 24 hours, with its market capitalization now exceeding $150 million. Alongside the price spurt, Robinhood Chain’s total value has climbed to $774 million, rising by 20% over the last week amid rising on-chain activity.
Cashcat buzzes from Robinhood US listing, CASHCAT spikes by 90%
According to data from crypto price aggregators, CASHCAT price has soared by 90% over the last day, driven by a wave of positive factors. The cat-themed token is trading at $0.1483, staging a strong recovery from the dip in prices that followed its July launch frenzy.
At press time, daily trading volumes have spiked by over 250% to settle at $109 million. CASHCAT’s total market capitalization has since surpassed the $150 million mark, but the recent price surge still falls short of its all-time high of around 22 cents.
Several reasons account for the surge in prices over the last 24 hours for CASHCAT. Emerging reports indicate that Robinhood US has listed the memecoin, fuelling a spike in speculative buying by retail traders.
New asset now available to trade in the app and on Robinhood Legend.$CASHCAT (Cash Cat) pic.twitter.com/DIYcSUXq2i
— Robinhood (@RobinhoodApp) August 6, 2026
However, the Robinhood US listing has been trailed by allegations of insider trading, with several wallets going long on CASHCAT hours before the official announcement. Several pundits have since predicted a near-term dip in prices following the listing by Robinhood US.
“Unfortunately, I hate to be the bearer of bad news, but this is the exact signal most people were waiting for to go short on CASHCAT,” wrote an analyst.
CASHCAT is outperforming a flat broader market, with Bitcoin (BTC) and Ethereum (ETH) recording modest gains of under 1%. Meanwhile, other low-cap meme coins are riding CASHCAT’s wave to post double-digit gains in the last 24 hours.
Robinhood Chain TVL surpasses $774 million
Barely one month after its July 1 mainnet launch, Robinhood Chain’s TVL climbed to $774 million. The growth spurt represents a 20% increase over the past week, marking one of the fastest increments for a new Ethereum Layer-2 network.
Primarily, the growth has been driven by established DeFi protocols rather than newly launched applications. Morpho and Etherna account for 43% and 41% of Robinhood Chain’s TVL, respectively, with the stablecoin supply representing a major slice.
Meanwhile, the value of tokenized assets on the network has reached $100 million, up from around $70 million in late July. Last month, Robinhood’s Chain DEX activity briefly surpassed Ethereum and Base, representing a key milestone for the newly minted network.
Robinhood is currently subsidizing gas fees until late September. Once users begin paying transaction fees themselves, the market will get a clearer picture of whether the chain’s rapid TVL growth reflects lasting adoption or launch-driven incentives.
Source:: Cashcat Surges Nearly 100% as Robinhood Chain TVL tops $774 Million