Robinhood Chain Surpasses $250M TVL in 10 Days, Boosted by DeFi Onboarding and CASHCAT Meme Coin Surge

According to Park Sang-hyuk, editor-in-chief of Digital Asset, Robinhood Chain launched by the U.S. trading platform Robinhood reached $250 million in total value locked (TVL) just ten days after launch on July 10. Major DeFi projects rapidly deployed on the network while ecosystem meme tokens gained market attention.

The ecosystem meme coin CASHCAT surged 2000% in one week. Unlike Solana-based ANSEM, CASHCAT has no single address holding majority supply, raising expectations for continued price appreciation. However, volatility remains a concern as meme coins react primarily to market sentiment rather than fundamentals, potentially causing sharp price drops.