Robinhood Chain's First Week: CashCat, $1B in DEX Volume, and How to Get There

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Robinhood Chain closed its first week with more than 17 million transactions, nearly 350,000 addresses, roughly $250 million in protocol TVL, and over $1 billion in DEX volume, per Robinhood crypto GM Johann Kerbrat. On July 8 the chain logged between $560 million and $570 million in 24-hour DEX volume, ahead of Hyperliquid. CASHCAT, a memecoin built on the name Robinhood almost launched under, drove about $98 million of that day's volume. One early wallet turned $838 into roughly $917,600 in realized gains. CEO Vlad Tenev, days after calling memecoins largely a dead end, posted that the chain "works great for memes too." Across has been live on Robinhood Chain since day one. Bridge to Robinhood Chain and land holding USDG in seconds. A new chain's first week usually needs a marketing budget. Robinhood Chain got a cat. Mainnet went live on July 1, 2026, pitched as the Ethereum Layer 2 where tokenized stocks and real-world assets would finally live onchain. Seven days later it had cleared $1 billion in DEX volume, briefly passed Hyperliquid on daily trading activity, and watched its own CEO reverse his position on memecoins in public. The token at the center of it all is CASHCAT, and if you want funds on Robinhood Chain while this is happening, the way in takes seconds. Before Robinhood was Robinhood, Vlad Tenev and Baiju Bhatt called their company CashCat. The name didn't survive. The lore did. During launch week, an anonymous team deployed CASHCAT on Robinhood Chain, a piece of memecoin fan fiction built on the mascot the company left behind. Robinhood had no part in it and no listing process to stop it: the chain is permissionless, so the token spun up its own Uniswap pools and reached traders through launchpads and aggregators without ever touching Robinhood's app. Then it went vertical. CASHCAT's market cap has swung between roughly $100 million and $180 million inside a week. One early wallet spent $838 on 15 million tokens and has realized about $917,600 selling most of them, a return of roughly 1,250x on the sold portion. Another turned $85 into about $687,700 realized with seven figures still on paper. The five most profitable wallets banked close to $3.7 million between them. The frenzy compounded. Noxa.fun , one of the launchpads serving the chain, went from 1,858 token deployments on July 7 to 6,675 on July 8. Dog In Hood, Hoodrat, and Robinhood Summer followed CASHCAT up the charts, and Pump.fun added Robinhood Chain support on July 8. (For scale: the next-largest memecoin on the chain sat about 16 times smaller than CASHCAT.) The caveats are heavier than usual here. CASHCAT has traded on a few million dollars of pool liquidity against a nine-figure market cap, which is how a token gains 1,900% and can give it back on the same timescale. Copycat tokens and impersonator accounts are already circulating. Strip out the cat and the week still reads like a statement. Robinhood crypto GM Johann Kerbrat put the first-week totals at more than 17 million transactions, nearly 350,000 addresses, roughly $250 million in protocol TVL, and over $1 billion in DEX volume. On July 8 the chain logged between $560 million and $570 million in 24-hour DEX volume, ahead of Hyperliquid, the protocol that spent the past year as the benchmark for onchain trading. CASHCAT accounted for about $98 million of that day's total. The rest was not one token's doing. Two details suggest the week was more than churn. Daily active addresses approached 200,000 on July 8, and more than 140,000 of them were first-time users, new arrivals rather than DeFi regulars rotating chains. And the chain's TVL crossed $100 million with Morpho lending as the primary driver: capital parked for yield under structured terms rather than liquidity propped under meme pairs. Tenev's read on all this changed fast. On July 2 he told CNBC that tokenized real-world assets were crypto's durable direction and memecoins were largely a dead end. By July 8, with CASHCAT parabolic, he posted that while Robinhood is building its chain to be the best for RWAs, it " works great for memes too ." A day later: "Robinhood Summer is here." (The dead-end position lasted six days.) Everything above happens on Robinhood Chain. Most people's funds are somewhere else, and a week-old chain is exactly the place you want a route you don't have to think about. Across has been live on Robinhood Chain since mainnet day one. Send USDC from any of 13 supported chains, including Base, Arbitrum, and Solana, and it arrives in your wallet as USDG, the Paxos-issued Global Dollar that the chain's launch routes are built around. ETH bridges in from major EVM chains. When you're done, USDG on Robinhood Chain goes back out as USDC on any of those same chains. Fills land in seconds because a relayer fronts your funds on the destination side the moment you deposit; the full route breakdown is in the day-one launch post . On a chain like this one, that reliability is the point. When the tokens are week-old and the impersonators are already out, the bridge should be the least speculative thing you touch. Across has settled more than $34 billion without a protocol-level exploit. The cat is fan fiction. The route in isn't.

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Robinhood Chain has successfully launched, recording over 17 million transactions and more than $1 billion in DEX volume within its first week. The explosive trading of the memecoin CASHCAT and the acquisition of over 350,000 active addresses have accelerated initial liquidity inflows. Investors are now watching whether this performance proves the platform's potential as a tokenized real-world asset (RWA) hub, beyond just the memecoin craze.

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