Arbitrum

Robinhood

LayerZero

Robinhood’s Ethereum layer-2 network processed 4 million transactions in its first week of public testnet activity, according to CEO Vlad Tenev.In a Thursday <a href="https://x.com/vladtenev/status/2024284301068816570?s=20" rel="noopener noreferrer nofollow">post</a> on X, Tenev said developers have begun experimenting with applications on the L2 network, which was built for tokenized real-world assets (RWAs) and blockchain-based financial services. “The next chapter of finance runs onchain,” he wrote.The trading platform <a href="https://cointelegraph.com/news/robinhood-launches-ethereum-layer-2-testnet-for-tokenized-assets" rel="noopener noreferrer nofollow">launched the Robinhood Chain testnet</a> last week as an Ethereum layer 2 built using Arbitrum technology. The launch followed about six months of private testing and is intended to serve as a high-throughput environment for financial applications.According to the company, the chain is designed to support tokenized equities, exchange-traded funds (ETFs) and other traditional financial instruments. Infrastructure partners include Alchemy, LayerZero and Chainlink.Related: <a href="https://cointelegraph.com/news/tokenized-stocks-inevitable-may-stop-trading-freezes-robinhood-ceo" rel="noopener noreferrer nofollow">Tokenized stocks ‘inevitable’ and may stop trading freezes: Robinhood CEO</a><h2 id="robinhood-plans-mainnet-launch-this-year">Robinhood plans mainnet launch this year</h2>A mainnet launch for Robinhood Chain is planned later this year. In the meantime, the testnet will host experimental assets, including stock-style tokens and tighter connections with the company’s crypto wallet.The move comes as Robinhood is expanding its crypto footprint beyond trading. The company has already tokenized <a href="https://cointelegraph.com/news/robinhood-expands-tokenization-500-us-stocks-etfs-arbitrum" rel="noopener noreferrer nofollow">nearly 500 US stocks</a> and ETFs on Arbitrum as part of a wider real-world asset strategy.Robinhood reported <a href="https://cointelegraph.com/news/robinhood-shares-dip-q4-earnings-miss-crypto-revenues-decline" rel="noopener noreferrer nofollow">$1.28 billion in Q4 2025 net revenue</a>, a 27% year-on-year increase but below analyst expectations of $1.34 billion, as crypto income weakened. Revenue from cryptocurrency trading fell 38% to $221 million after a market downturn in October, contributing to a 34% drop in net income to $605 million, even as earnings per share slightly exceeded forecasts.Related: <a href="https://cointelegraph.com/news/ark-buy-robinhood-34-million-bitcoin-slip-below-66k" rel="noopener noreferrer nofollow">ARK Invest adds $34M Robinhood stake as Bitcoin falls below $66K</a><h2 id="tokenized-real-world-assets-climb-10-in-a-month">Tokenized real-world assets climb 10% in a month</h2>The tokenized RWA market continues to grow, with about $24.83 billion in assets issued directly on-chain, increasing about 10% over the past month, <a href="https://app.rwa.xyz/" rel="noopener noreferrer nofollow">according</a> to data from RWA.xyz. The broader category of digitally represented assets now totals around $372.97 billion, while the number of wallets holding tokenized financial products has reached about 850,558, up more than 33% in 30 days.<figure><img alt="Robinhood’s L2 testnet hits 4M transactions in first week, CEO says" src="https://s3.cointelegraph.com/uploads/2026-02/019c75ad-4556-7c94-9fba-6aa86e0f9ec7.PNG" title=""><figcaption>Overview of RWA market. Source: RWA.xyz</figcaption></figure>Meanwhile, stablecoins hold $296.69 billion in value across 236 million users. Although total stablecoin value slipped slightly over the month, the number of holders continued to rise.Big Questions: <a href="https://cointelegraph.com/magazine/china-stockpiling-gold-yaun-global-reserve-us-dollar/" rel="noopener noreferrer nofollow">Is China hoarding gold so yuan becomes global reserve instead of USD?</a>

Robinhood’s L2 testnet hits 4M transactions in first week, CEO says

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