Robinhood Summer? Robinhood Chain protocol TVL surpasses $200 million, with the on-chain meme coin CASH CAT's market cap once hitting $100 million. Looking at the composition of on-chain protocol TVL: - Over 75% of funds are concentrated in asset management and lending protocols, such as Morpho, Ethena, and Spark. - Around 16% of on-chain funds are in trading scenarios like DEX and Perp DEX. - Surprisingly, the native prediction market Meridian has already started to develop on Robinhood Chain.