Robinhood launched a Wall Street layer 2 chain and the market crowned a $150M cat coin first
The post Robinhood launched a Wall Street layer 2 chain and the market crowned a $150M cat coin first appeared on BitcoinEthereumNews.com. Robinhood launched the public mainnet of Robinhood Chain this month, describing it as a permissionless Layer 2 built on Arbitrum for tokenized stocks, real-world assets, DeFi lending, and AI-native finance. One week in, the chain’s loudest retail activity is driven by CASHCAT, a memecoin built on Robinhood’s own discarded “CashCat” name. The token reached nearly $150 million in market cap and over $159 million in 24-hour volume. CASHCAT gained liquidity, price charts, and social attention through Uniswap V3 pools and third-party launch and routing infrastructure, including Noxa.fun and Pump.fun, rather than through Robinhood’s own app-listing process. An explainer graphic outlines six steps showing how CASHCAT gained liquidity, price charts, and trading volume on Robinhood Chain without a formal listing. Behind an unapproved listing Robinhood built