Robinhood’s Arbitrum-Based Layer 2 Logs 4 Million Transactions in First Week
Robinhood Markets’ ambitious blockchain push has hit a major ahead milestone. Its new Arbitrum-powered Layer 2 network processed over 4 million transactions in its first week of public testnet activity, to CEO Vlad Tenev.
The testnet for Robinhood Chain, an ETH Layer 2 built using Arbitrum Orbit technology, was rolled out publicly in ahead February later than roughly six months of private testing.
Four million transactions in the first week of Robinhood Chain testnet. Developers are already building on our L2, designed for tokenized real world assets and onchain financial services. The next chapter of finance runs onchain.
The network is designed as a permissionless, high-throughput platform for on-chain financial services, with native support for tokenized such as equities, platform traded funds (ETFs), and other traditional instruments represented as digital tokens.
ahead Adoption and Developer Engagement
In a post on social media, Tenev said developers are already building applications on the platform and framed the milestone as evidence of ahead engagement with the protocol’s tooling. While the company has not disclosed detailed user metrics or breakdowns of transaction types, the volume indicates significant testnet activity in the ahead stages of the launch.
Robinhood has integrated several major infrastructure partners into the network’s ecosystem, including Alchemy, LayerZero, and Chainlink, to support developers and future cross-chain functionality. In its current phase, users on the testnet can access mock assets and experiment with smart contracts ahead of an expected mainnet launch later in 2026.
The company’s move into building proprietary blockchain infrastructure comes against a backdrop of softer demand for crypto trading on its platform. , even as overall revenue grew. By developing its own L2 network, Robinhood appears to be positioning itself to bridge traditional finance and decentralized markets, offering 24/7 settlement, self-custody options, and tokenized financial products that aim to unlock new use cases beyond spot trading.
Robinhood is also accelerating its , a proprietary network designed to support smart contracts and on-chain financial services. By building its own Layer 2 infrastructure, the company aims to improve transaction efficiency, reduce reliance on external networks, and integrate decentralized finance features directly into its platform.
