CASHCAT Jumps 120% as Robinhood Chain Hits $774M TVL
CASHCAT's market cap is back at $86 million, even as tokenized assets lag on the new Robinhood Chain.
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Key takeaways
- CASHCAT jumped 120% in a week, pushing its market cap to $86 million.
- Robinhood Chain's total value locked hit $774 million.
- Tokenized assets total just $27.6 million despite being the network's primary focus.
Robinhood built a blockchain for tokenized assets. Wall Street didn't show up first—speculators did. CASHCAT jumped 120% over the past week, pulling its market cap back up to $86 million.
Memecoins Lead the Capital Inflow
Total value locked on the broader Robinhood Chain network just hit $774 million. CASHCAT defined the chain's launch and still eats up trader focus. But look at the pitch deck versus reality. Tokenized assets sit at just $27.6 million—a tiny slice of the overall capital parked on the platform.
Why it matters
Tracking the rise of tokenized real-world assets? This is how slow institutional adoption moves next to retail hype. Blockchains need active users and liquid cash to survive the early days. Robinhood Chain was built for traditional financial assets. Right now, memecoins like CASHCAT do all the heavy lifting to drag capital onto the network.
Source: CoinDesk
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Alex Rivera
Alex covers crypto markets and trading, testing every platform hands-on before writing about it.
