The Protocol: Robinhood unveils its layer-2 testnet
Robinhood launched the public testnet for its Arbitrum-based layer-2 blockchain, Robinhood Chain, aiming for tokenized asset trading.Summary
Robinhood has debuted the public testnet for its Ethereum layer-2 blockchain, Robinhood Chain, built on Arbitrum, as part of a deeper push into crypto and tokenization, with plans for a mainnet launch later this year. The network is designed to support tokenized real-world assets like equities and ETFs, enabling 24/7 trading and self-custody via Robinhood's crypto wallet, alongside bridging to DeFi applications. Robinhood executives clarified that the move is not primarily about scaling Ethereum, but rather about enabling these new asset functionalities, contrasting with the current shift in Ethereum's roadmap focusing more on base layer improvements. The article also covers other major crypto developments, including Citadel Securities backing LayerZero's new 'Zero' blockchain, MegaETH launching its mainnet amid scaling debates, and Ethereum Name Service (ENS) scrapping its L2 plans due to improved mainnet scalability.
(Source：CoinDesk)