On August 7, Robinhood rose 3.46% in regular trading, trading at $94.45/share, with turnover of $160 million. The gain follows a series of positive developments in the Robinhood Chain ecosystem.

On the news front, Robinhood Chain's total value locked reached $774 million with 20% weekly growth, driven primarily by Morpho and Ethena protocols. Meanwhile, Robinhood US listed meme token CASHCAT, whose market cap briefly surpassed $200 million with an 80% daily surge. Additionally, Uniswap officially launched its token issuance platform pools.trade on Robinhood Chain on August 6, deepening integration with the ecosystem. Cumulative trading volume on Uniswap for Robinhood Chain had already exceeded $10 billion in under a month.

The company also reported strong Q2 results on July 29, posting EPS of $0.62 versus the $0.42 consensus estimate, with revenue of $1.31 billion beating expectations. Transaction-based revenue grew 44% year-over-year, and management tightened its full-year adjusted operating expense guidance to $2.675-2.775 billion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)