CASHCAT Weekly Gain 120%, Robinhood Chain Total Value Locked Rises to $774 Million

TechFlow news, August 6, meme coin CASHCAT on Robinhood Chain rose 120% over the past week, with market cap rebounding to approximately $86 million, though still significantly below the mid-July phase high of around 22 cents.

Meanwhile, Robinhood Chain's total value locked reached $774 million, up 20% over 7 days, mainly driven by the two major protocols Morpho and Ethena. At the same time, enthusiasm for on-chain token issuance has cooled significantly compared to the July peak, but stablecoin scale, tokenized real-world assets, and on-chain deposits continue to grow.