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Robinhood’s Layer 2 testnet processed 4 million transactions in one week.
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The Arbitrum-based chain targets tokenized real-world assets.
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Developers are actively building despite weaker crypto revenues.
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Mainnet launch is expected later this year.
Strong Early Developer Activity
Robinhood CEO Vlad Tenev said the company’s Ethereum Layer 2 testnet recorded four million transactions in its first week.
Built on Arbitrum, Robinhood Chain is designed for tokenized equities, ETFs, and other real-world assets. The network underwent six months of private testing before going public.
Infrastructure partners include Alchemy, LayerZero, and Chainlink.
Tokenization Push Continues
Robinhood’s crypto revenue fell 38% year-over-year in Q4, but the company is doubling down on tokenization. Plans include 24/7 stock trading, near-real-time settlement, and self-custody.
Tenev has described tokenization as inevitable. The strong testnet activity may reinforce Robinhood’s strategy to integrate traditional financial products directly onchain ahead of a mainnet launch later this year.
