CASHCAT rose by 120% this week, and the total locked value of Robinhood Chain has increased to 774 million USD

The Meme coin CASHCAT on Robinhood Chain has risen 120% in the past week, with its market cap recovering to about $86 million, but still significantly lower than the peak of about 22 cents in mid-July.

Meanwhile, the total value locked in Robinhood Chain has reached $774 million, a 20% increase over the past 7 days, primarily driven by the two protocols Morpho and Ethena. At the same time, the enthusiasm for on-chain token issuance has noticeably cooled compared to the peak in July, but the scale of stablecoins, tokenized real-world assets, and on-chain deposits continues to grow.