Key facts
- CASHCAT memecoin surged 120% in the past week.
- CASHCAT memecoin reached approximately 8.7 cents.
- CASHCAT memecoin is below its mid-July peak.
- Robinhood Chain's total value locked reached $774 million.
- Tokenized real-world assets on Robinhood Chain reached $100 million.
CASHCAT, a memecoin inspired by cats and operating on the Robinhood Chain, has seen a dramatic price increase of 120% over the last seven days. The token's current price is hovering around 8.7 cents. While this represents a substantial recovery, it is important to note that CASHCAT's price is still considerably lower than its highest point reached in mid-July. The broader Robinhood Chain ecosystem is also showing positive momentum, with its total value locked (TVL) climbing to $774 million. A significant portion of this growth is attributed to the increasing presence of tokenized real-world assets, which have now surpassed $100 million in value on the chain. This development suggests a diversification of assets being utilized and secured within the Robinhood Chain's decentralized finance infrastructure.