CASHCAT jumps 120% as Robinhood Chain TVL hits $774 million

CASHCAT's 120% weekly rebound arrives as Robinhood Chain deposits climb while its launchpad boom fades.

CASHCAT, the cat-themed memecoin on Robinhood Chain, rose 120% over seven days to about 8.7 cents, recovering part of a slide from its July peak.

Robinhood Chain's total value locked reached $774 million, up 20% in seven days, according to DefiLlama data.

Lending accounted for 43% of deposits and asset management 41.5%, with Morpho holding $332 million and Ethena $236 million. Stablecoins on the chain reached $575 million after rising 14% weekly.

The key test comes after late September, when Robinhood stops covering gas fees and users begin paying transaction costs, determining whether the chain's growth can endure without subsidies.

CASHCAT's Rebound vs. the Fading Launchpad

CASHCAT trades near $0.087 after gaining 22% in 24 hours, with daily volume of about $9 million and an $86 million market cap. The token remains roughly half its mid-July peak near $0.22. Outside developers created it around Robinhood's former cat-with-cash logo, and its website describes the project as "fan fiction with a ticker."

The rebound contrasts with the collapse of the launchpad boom that produced it. Noxa stopped accepting launches on July 11 and went offline two days later, after earning an estimated $12 million in fees. Daily token deployments across Robinhood Chain fell from about 35,000 in mid-July to roughly 10,000.

DEXTools data shows about 41,200 holders and the full 989 million supply in circulation. The Uniswap liquidity pool holds 2.47% of supply, with the next-largest wallets between 1.3% and 1.5% each. The pool contains about $5 million, down from $6.6 million when CASHCAT carried a $105 million valuation in July.

Bybit Adds Leverage as Subsidies Wind Down

Bybit introduced a CASHCAT perpetual contract with leverage up to 10x, adding a derivatives venue for the token. Tokenized real-world assets on the chain reached $100 million by one measure, up from about $70 million in late July, though the chain's stated total stood at $27.6 million.

The divergence between infrastructure and speculation is the story's core tension. Deposits and stablecoin balances keep climbing while token launches contract, and tokenized assets remain smaller than CASHCAT's market cap. Whether trading activity holds after gas-fee subsidies expire in late September will determine if the chain's growth is durable or subsidy-dependent.

This article is for informational purposes only and does not constitute investment advice.