In its initial week of public testing, Robinhood's Ethereum layer-2 network, named Robinhood Chain, processed 4 million transactions. The platform, launched last week, is designed for tokenized real-world assets and blockchain financial services, according to CEO Vlad Tenev.
Robinhood Chain, built on Arbitrum technology, aims to provide a high-throughput environment for financial applications. Developers have begun to explore various applications on this testnet, which is part of a broader strategy that includes tokenized stocks and ETFs. Infrastructure partners include Alchemy, LayerZero, and Chainlink.
Later this year, Robinhood plans to launch the mainnet following its successful testnet phase. Currently, the testnet supports a range of experimental assets, enhancing the trading platform's crypto offerings beyond traditional trading.
In related news, Robinhood reported a net revenue of $1.28 billion for Q4 2025, reflecting a 27% year-on-year increase but falling short of analyst expectations. Cryptocurrency trading revenue dropped significantly, contributing to a decline in net income. Meanwhile, the tokenized real-world asset market has seen a 10% increase over the past month, now valued at approximately $24.83 billion.