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Robinhood Layer 2 testnet processes 4 million transactions in first week

Robinhood’s Ethereum Layer 2 network processed 4 million transactions in its first week on a testnet, Cointelegraph reported on Feb. 19. CEO Vlad Tenev said on X that developers are experimenting with applications on the Layer 2 network and that finance’s next chapter will unfold on-chain. Robinhood unveiled the “Robinhood Chain” testnet last week, aiming to tokenize traditional financial products such as stocks and ETFs.