Robinhood’s Layer 2 testnet sees four million transactions in first week, CEO Vlad Tenev says

Robinhood's public testnet for its blockchain, Robinhood Chain, achieved four million transactions within its first week of launch, as announced by CEO Vlad Tenev. This Layer 2 solution is built on Arbitrum and is designed for high-throughput financial applications, specifically supporting tokenized real-world assets like equities and ETFs. Tenev highlighted that developers are already building on the network, emphasizing that "The next chapter of finance runs onchain." The chain underwent six months of private testing before its public debut and has integrated infrastructure partners such as Alchemy, LayerZero, and Chainlink. This early activity suggests strong developer interest, supporting Robinhood's ongoing focus on crypto and tokenization, despite a recent dip in its crypto revenue. Robinhood plans to launch the mainnet later this year and is also expanding its tokenized stock offering to include 24/7 trading and self-custody.

(Source：The Block)