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Robinhood Debuts Wall Street Layer 2 Chain as $150M 'Cat Coin' Takes the Throne

July 9, 202601:25 PM
Robinhood Debuts Wall Street Layer 2 Chain as $150M 'Cat Coin' Takes the Throne

Robinhood has officially entered the infrastructure race with the launch of the Robinhood Chain, a permissionless Layer 2 solution built on Arbitrum. Designed to bridge traditional finance and crypto, the network focuses on tokenized stocks, real-world assets (RWA), DeFi lending, and AI-native finance applications.

In a twist typical of crypto markets, the network's initial momentum is being driven by retail frenzy surrounding CASHCAT. This memecoin, born from Robinhood's own discarded 'CashCat' branding, has surged to a $150 million market cap, proving that community-driven assets can dominate the spotlight even on high-utility institutional chains.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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