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Followingcat-themed minin $CASHCAT has landed in Robinhood Crypto spot trading
Robinhood Crypto has officially opened spot trading for $CASHCAT. This cat-themed memecoin has become the flagship community token on Robinhood Chain, the brokerage's own Ethereum second-layer network.
From memin to mainstream coin
The name of $CASHCAT was inspired by the early tentative name of the Robinhood brand. The token runs native on Robinhood Chain, the Ethereum Layer 2 network launched by Robinhood on July 1, 2026. The cat-themed memo coin quickly became the network's first hit token, and its market value soared to approximately US$105 million within days of its launch. Robinhood CEO Vlad Tenev acknowledged the token's influence during the company's second-quarter earnings conference call, and traders found $CASHCAT in its recent search history. Robinhood reported record second-quarter revenue of $1.3 billion, a year-on-year increase of 32%.
The launch of Robinhood Crypto provides $CASHCAT with the most mainstream centralized trading platform to date, expanding its coverage to the platform's wide range of U.S. retail users. The token has previously attracted other exchanges to launch: Bitrue provided spot and perpetual contract trading for $CASHCAT after its launch on the Robinhood Chain main website, citing the huge transaction volume and strong user growth within the ecosystem.
Robinhood Chain transaction volume highlights strong retail demand
The background of this launch is the surge in trading activity after Robinhood Chain launched. The network handled $3.6 billion in transaction volume in a single month in July. This figure is consistent with broader on-chain data: Robinhood Chain processed more than 52 million transactions in the weeks after its launch, with transaction volume exceeding $3 billion. The network's decentralized exchange transaction volume exceeded US$500 million in 24 hours on July 8 (just seven days after the main network was publicly launched).
Although launch board activity and the popularity of many early tokens have subsided, Robinhood Chain's total locked position has climbed to approximately US$774 million, with tokenized real-world assets reaching US$100 million. CASHCAT remains at the heart of this event. The token remains the most liquid and liquid meme pool on the chain, with an increase of 120% in the past week. It currently trades at approximately 8.7 cents, has a market value of approximately US$86 million, and has a daily trading volume of US$9 million.
Robinhood's main purpose in building the chain was to serve as an infrastructure for tokenizing real-world assets, including stocks and bonds. More than ten tokenized stocks, led by GameStop, Nvidia and SpaceX, currently have daily trading volumes of at least US$500,000.$ The launch of CASHCAT shows that Robinhood Crypto is also actively catering to the retail mini-coin demand generated by its own network.
