Morning Minute is a daily newsletter written by Tyler Warner.
The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt
GM! Today’s top news: – Crypto majors are green led by SOL +7%; BTC at $79.4k – ETF inflow streak continues, ETH outperforms – Pump hits another local high in revenue, adds HyperEVM – Ansem and Cashcat hit major new ATHs as onchain levels up – ACK’s ‘Argonauts’ sell out in 5 mins, see 1,600 ETH secondary action 📈 Robinhood Chain Levels Up as Memes and RWAs Soar Robinhood Chain is heating up, and it’s cat, dog and infrastructure plays driving the run. One of which comes with a major RWA twist.
The chain just put up its strongest day since mid-July, with roughly $443 million in DEX volume, more than 3 million transactions, and active wallets back above 115,000. Volumes are up 3x off the early August bottom near $140 million. The token board went with it. – CASHCAT, the leading meme coin, ran to a $250 million market cap after a 25.9% day on $24.1 million of volume (and new ATH) – PONS, the leading launchpad, added 30% to reach $94.9 million on a huge $200k+ revenue day (and new ATH) and got listed – Artificial Inu ran 80% to $58 million (the memecoin paired with tokenized NVDA stock in its LP) – Delta, the “Meteora of Robinhood Chain,” gained 58.9% (ATH) StonkBroker, Index, HMM, TENDIES, Juggernaut and YOLO all closed green as well, and new runner Biscotti soared to $10M in just a few hours.