CASHCAT Surges 120% Weekly as Robinhood Chain TVL Hits $774M

CASHCAT price jumps 120% while Robinhood Chain TVL grows 20% to $774M, driven by Morpho and Ethena. Stablecoin and RWA deposits continue expanding despite cooling token issuance.

Woofun AI reports that CASHCAT, a meme token on Robinhood Chain, appreciated 120% over the past week, bringing its market capitalization to approximately $86 million. This valuation remains substantially below the mid-July peak of roughly 22 cents per token.

Concurrently, Robinhood Chain’s total value locked climbed 20% in seven days to reach $774 million, a growth trajectory primarily fueled by activity within the Morpho and Ethena protocols.

While enthusiasm for new on-chain token issuance has diminished compared to July highs, the volume of stablecoins, tokenized real-world assets, and on-chain deposits continues to expand.