Robinhood Chain Metrics Rise as Cash Cat Tops $100 Million Market Cap

Robinhood Chain has reported a sharp increase in on-chain activity, including a meme coin reaching a $100 million market capitalization and decentralized exchange trading volume exceeding $560 million in a single day. According to ChainCatcher, the chain’s daily active addresses have approached 200,000, with more than 140,000 of them coming from new addresses making their first transaction. Token issuance also accelerated, with nearly 16,000 new tokens created in one day. ChainCatcher added that seven Robinhood Chain meme coins now have market capitalizations above $1 million.