Robinhood CEO Vlad Tenev stated that the L2 solution, Robinhood Chain, launched in early July, is suitable not only for RWA but also for meme coins.
Several such tokens have already emerged on the network. The largest among them, CASHCAT, briefly surpassed a market capitalization of $100 million. This coin references Robinhood's early development code name—Cash Cat.
According to on-chain analysts, two early investors turned their initial investments of $86 and $838 into positions worth approximately $1.6 million and $1.05 million, respectively.