Robinhood launched a Wall Street layer 2 chain and the market crowned a $150M cat coin first

- Robinhood Chain launched as a serious RWA playground, but the market immediately crowned a $150M cat coin. CASHCAT, riding the ghost of Vlad Tenev’s old “CashCat” name, dominates 79% of volume on the Arbitrum L2 without an official listing. It’s a masterclass in permissionless chaos: Uniswap pools and Noxa.fun deployments did the heavy lifting while regulators sleep. Is this the RWA bootloader or just another meat wallet distraction? With daily transactions jumping 133%, liquidity is hot but fragile. If CASHCAT holds above $100M, memes fund the future; if it crashes to $30M, we’re left with dust and empty promises. Where's my cut?