Robinhood Chain Testnet Hits 4M Transactions in Week One

TheNewsCryptoPublished on 2026-02-19Last updated on 2026-02-19

Abstract

Robinhood Chain, the company's Ethereum Layer 2 testnet built on Arbitrum, processed 4 million transactions in its first week, indicating strong developer interest. Launched on February 10 after six months of private testing, the permissionless blockchain is designed for high-throughput financial applications, including tokenized equities and ETFs. CEO Vlad Tenev emphasized the platform's role in the future of on-chain finance. Despite a 38% year-over-year drop in Q4 2025 crypto revenue, Robinhood plans to expand its tokenized stock offerings with 24/7 trading and self-custody. The mainnet is expected to launch later this year.

The public testnet of Robinhood for its own blockchain has captivated four million transactions in its initial week, as per the chief executive officer of the firm, Vlad Tenev.

On February 18, Tenev posted on X stating that developers are so far making our L2, made for tokenised real-world assets and on-chain financial services. The upcoming chapter of finance operates on-chain.

The U.S. financial trading giant rolled out the testnet for Robinhood Chain on February 10 as an Ethereum Layer 2 made on Arbitrum. The chain, which went through six months of private testing before the public testnet rollout, is made as a permissionless blockchain platform for high-throughput financial applications, having native support for tokenised equities, ETFs, and other real-world assets.

The Plan of Widening

Robinhood has so far amalgamated prominent infrastructure partners, comprising Alchemy, LayerZero and Chainlink. The quick accumulation of transactions through the testnet shows strong early developer interest in the network, which mostly strengthens the long-term aim of crypto and the tokenisation of Robinhood, regardless of the recent market pullback.

Robinhood witnessed its crypto transaction revenue slip 38% year-over-year to $221 million at the time of Q4 of 2025. Robinhood publicised in January 2026 that it plans to widen its tokenized stock offering to comprise round-the-clock trading, near-real-time settlement and self-custody.

The CEO has so far contrasted tokenisation to a freight train, mentioning that it “can’t be stopped” and will then end the whole financial system. The imminent rollout of Robinhood Chain is anticipated later this year, though the exact date of the launch hasn’t been announced yet.

Made on Arbitrum, Robinhood Chain was launched by Johann Kerbrat, SVP and General Manager of Robinhood Crypto at Consensus Hong Kong. The launch became the first one after being announced at the Cannes keynote of the company in 2025.

The testnet will give developers access to entry points, documentation and complete compatibility with standard Ethereum tools.

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