Robinhood’s Layer-2 blockchain posted over $690 million in decentralized exchange trading volume in a single 24-hour window.
A memecoin named Cash Cat and the power of retail frenzy
Robinhood Chain launched its public mainnet on July 1, built as an Ethereum Layer-2 using the Arbitrum stack. Within a week, cumulative DEX volume had already blown past $800 million, with a single-day peak around $564 million recorded on July 8.
A significant chunk of that activity came from an unlikely source: a memecoin called Cash Cat. The token alone drove roughly $98 million in 24-hour trading volume on July 8.
Over 8,700 unique traders showed up during that peak day.
