Robinhood’s L2 testnet hits 4M transactions in first week, CEO says
Robinhood plans a mainnet launch later this year as the testnet hosts experimental assets, including stock-style tokens.
Robinhood’s Ethereum layer-2 network processed 4 million transactions in its first week of public testnet activity, according to CEO Vlad Tenev.
In a Thursday post on X, Tenev said developers have begun experimenting with applications on the L2 network, which was built for tokenized real-world assets (RWAs) and blockchain-based financial services. “The next chapter of finance runs onchain,” he wrote.
The trading platform launched the Robinhood Chain testnet last week as an Ethereum layer 2 built using Arbitrum technology. The launch followed about six months of private testing and is intended to serve as a high-throughput environment for financial applications.