Key Highlights
- Robinhood Chain’s public testnet processed 4 million transactions in its first week.
- Developers are already building applications and testing tokenized stocks and real-world assets on the network.
- The mainnet is expected later in 2026, with plans for 24/7 trading and instant settlements.
Just a week after launching, Robinhood’s Ethereum Layer-2 blockchain, “Robinhood Chain,” has processed about 4 million transactions on its public testnet.
Built on Arbitrum, the network is designed to support tokenized real-world assets (RWAs) and applications. CEO Vlad Tenev shared the milestone on X, noting that developers are already building applications on the network.
“Developers are already creating applications on our second-layer solution, designed for tokenized real-world assets and financial services. The next chapter of finance will be focused on-chain,” he wrote.
The public testnet went live on February 11, 2026, after six months of private testing. During the test, developers and users could try out special testnet-only assets, including stock tokens linked to Tesla (TSLA), Amazon (AMZN), Netflix (NFLX), AMD, and Palantir Technologies (PLTR). Users participating in the testnet receive five free tokens per company daily, valued at 0.5 testnet ETH.
What is Robinhood Chain?
Robinhood Chain is designed for fast and efficient financial applications. It allows tokenized stocks, ETFs, and other real-world assets to run on the blockchain. Using Ethereum Layer-2 technology on Arbitrum helps the network process transactions quickly while keeping costs low. Developers can test smart contracts and financial tools without paying high gas fees or worrying about network congestion.
The project has attracted major partners, including Alchemy, which provides developer tools; LayerZero, which helps with cross-chain transactions; and Chainlink, which provides decentralized oracles for accurate data.
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.
Expanding into tokenized finance amid crypto revenue decline
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 installment 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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