Robinhood Chain Surges to Record Trading Volume as Bitwise Overhauls Crypto Index

The Robinhood Chain blockchain has seen a massive surge in activity since its launch just over a week ago, with daily trading volume reaching $560 million on local DEXs.

This was largely driven by the Cash Cat meme coin (CASHCAT), which saw its market capitalization break above $140 million at its peak and gained more than 1,000% in one day.

The excitement around CASHCAT has been fueled by Robinhood CEO Vlad Tenev's comment that the network works 'great for meme coins too', despite being built as a platform for serious assets.

Meanwhile, Bitwise has made significant changes to its 10 Crypto Index ETF (BITW), removing Polkadot and Avalanche and replacing them with Stellar and Hyperliquid, which saw massive growth in the first half of 2026, with $1.34 trillion in trading volume and $320 million in net revenue.