@RobinhoodCrypto has enabled spot trading for $CASHCAT, the cat-themed memecoin that has emerged as the flagship community token on Robinhood Chain, the brokerage's own Ethereum Layer 2 netwo
@RobinhoodCrypto has enabled spot trading for $CASHCAT, the cat-themed memecoin that has emerged as the flagship community token on Robinhood Chain, the brokerage's own Ethereum Layer 2 network.
$CASHCAT takes its name from an early working title for the Robinhood brand itself. The token is native to Robinhood Chain, the Ethereum Layer 2 that Robinhood launched on July 1, 2026.The cat-themed memecoin became the first breakout hit on the network, soaring to a market value of around $105 million within days of the chain going live. Robinhood CEO Vlad Tenev acknowledged the token's traction during the company's Q2 earnings call, with traders spotting $CASHCAT in his recent search history on screen. Robinhood reported record second-quarter revenue of $1.3 billion, up 32% from a year earlier.
The Robinhood Crypto listing gives $CASHCAT its highest-profile centralized exchange venue yet, extending its reach to the platform's broad U.S. retail user base. The token has already attracted listings from other exchanges: Bitrue listed $CASHCAT for both spot and perpetual futures trading following Robinhood Chain's mainnet launch, citing substantial trading volumes and user growth across the ecosystem.
The listing follows a surge in activity on Robinhood Chain since its launch. The original copy notes the network processed $3.6 billion in trading volume in July alone. That figure is consistent with broader on-chain data: Robinhood Chain processed over 52 million transactions and surpassed $3 billion in trading volume within weeks of launch.The network crossed $500 million in 24-hour decentralized exchange volume on July 8, barely seven days after its public mainnet went live.
Even as launchpad activity and many early tokens have faded, Robinhood Chain's total value locked has climbed to about $774 million, with tokenized real-world assets reaching $100 million. $CASHCAT remains central to that activity. The token is still the deepest and most liquid memecoin pool on the chain, and recovered 120% over the past week, trading near 8.7 cents with a market cap around $86 million on $9 million of daily volume.
Robinhood built the chain primarily as infrastructure for tokenized real-world assets, including stocks and bonds. A dozen tokenized stocks, led by GameStop, Nvidia, and SpaceX, are now each clearing at least $500,000 in daily volume. The $CASHCAT listing signals that Robinhood Crypto is also leaning into the retail memecoin demand its own network has generated.
Sources:CoinDesk: CASHCAT jumps 120% in a week as Robinhood Chain TVL hits $774 millionCrypto Briefing: Robinhood Chain DEX volume exceeds $500M in 24 hoursCoinDesk: Robinhood Chain real-world assets jump fivefold as tokenized stocks trade in size
