Robinhood’s Ethereum Layer 2 network processed 4 million transactions in its first week on a testnet, Cointelegraph reported on Feb. 19.
Robinhood CEO Vlad Tenev (블라드 테네프) said on social media platform X that developers are experimenting with applications on the Layer 2 network, adding, “The next chapter of finance will unfold on-chain.” Robinhood unveiled the Ethereum Layer 2-based “Robinhood Chain” testnet last week. The company said it used Arbitrum technology to build a high-throughput environment for financial applications.
Robinhood Chain aims to tokenize traditional financial products such as stocks and ETFs. Blockchain infrastructure companies including Alchemy, LayerZero and Chainlink are participating as partners. The testnet is running experiments linking stock tokens with crypto wallets, and Robinhood plans to launch a mainnet within this year.
Chi-gyu Hwang
delight@d-today.co.kr