The public testnet of Robinhood’s Ethereum Layer-2 blockchain, dubbed “Robinhood Chain,” has completed approximately 4 million transactions within a week of its activation.
Tokenised real-world assets (RWAs) and applications are supported by the network, which is based on Arbitrum. On X, CEO Vlad Tenev announced the milestone and mentioned that programmers have already begun creating apps for the network.
Our second-layer solution, which is intended for tokenised financial services and real-world assets, is currently being used by developers to create applications. “On-chain will be the focus of the next chapter in finance,” he stated.
On February 11, 2026, the public testnet went live following six months of private testing. Special testnet-only assets, like stock tokens associated with Tesla (TSLA), Amazon (AMZN), Netflix (NFLX), AMD, and Palantir Technologies (PLTR), were available for developers and consumers to test during the test. Every day, users who take part in the testnet get five complimentary tokens worth 0.5 testnet ETH per firm.
Robinhood Chain is designed for fast and efficient financial applications. It makes it possible for tokenised equities, exchange-traded funds, and other tangible assets to function on the blockchain.
Arbitrum’s use of Ethereum Layer-2 technology speeds up transaction processing while lowering expenses. Without having to worry about expensive petrol prices or network congestion, developers may test financial tools and smart contracts.
The first week showed a strong interest from developers and users. Some of the activity might be generated by bots, but it indicates real curiosity in tokenized finance. The mainnet is expected to be released later in 2026.
Robinhood’s venture into the crypto space comes at a time when the firm is facing difficulties in the crypto market. In Q4 of 2025, Robinhood’s crypto revenue declined by 38% compared to previous years, according to its recent earnings report.
However, the firm’s total revenue increased to $1.28 billion, driven by equities, options, and client subscriptions. With the new venture, Robinhood plans to expand tokenized assets by offering users a chance to engage in 24/7 trading, as well as instant instalment and self-custody options once the mainnet is live.
The early adoption and success of the testnet indicate a great opportunity for the first to become a key player in the tokenized financial service sector.
By providing the necessary tools to help developers create new opportunities, the chain is looking to help the community develop new on-chain applications and make it easier for millions to use a tokenized version of the real world.
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