Robinhood testnet logs 4 million transactions in its first week

Robinhood announced a strong launch for its Ethereum Layer 2: the Robinhood Chain testnet processed more than four million transactions in its first week. CEO Vlad Tenev said developers are already using the network to build applications focused on tokenization and onchain finance. He stressed that “the next chapter of finance will run onchain,” noting the growing demand for Layer 2 ecosystems.

The network is built on Arbitrum and designed as a permissionless platform optimized for high-throughput financial applications. Robinhood Chain includes native support for tokenized stocks, ETFs, and other real-world assets. Before the public rollout, it underwent six months of private testing. Key infrastructure partners – Alchemy, LayerZero, and Chainlink – were integrated from day one.

The rapid surge in activity highlights strong developer interest and potential demand for tokenization-driven products. It comes as Robinhood’s annual crypto-trading revenue dropped 38% in Q4, making the shift toward owning its own infrastructure increasingly strategic.

The company also plans to expand its lineup of tokenized assets, including 24/7 trading and near-instant settlement. Tenev previously likened tokenization to “a freight train that can’t be stopped,” arguing it will reshape the entire financial system.

The mainnet launch of Robinhood Chain is expected later this year, though no exact date has been announced.