Robinhood Chain Testnet Hits 4 Million Transactions in First Week
Vlad Tenev revealed on February 19, 2026, that Robinhood’s newly launched blockchain testnet processed four million transactions within its first week of going public.
- Robinhood Chain processed four million transactions within its first public week.
- The network is an Ethereum Layer 2 built with Arbitrum Orbit and uses ETH as gas.
- Developers can test tokenized versions of major U.S. stocks on the testnet.
The milestone signals strong early developer engagement as the company accelerates its push into tokenized finance.
The network, branded as Robinhood Chain, is positioned as institutional-grade infrastructure aimed at bringing real-world assets on-chain. The testnet opened to developers around February 10–11 after roughly six months of private testing.
Built as an Ethereum Layer 2
Robinhood Chain operates as an Ethereum Layer 2 network developed using Arbitrum Orbit technology. It leverages Ethereum for settlement security and data availability through blob transactions, while ETH serves as the native gas token.
The company describes the chain as “financial-grade” infrastructure, targeting tokenized stocks, ETFs, lending markets, and even perpetual futures trading. In its current test phase, developers can experiment with mock “Stock Tokens” representing major U.S. companies such as Tesla, Amazon, and Netflix.
Expanding the Tokenized Asset Strategy
Robinhood has already tokenized nearly 2,000 U.S. equities for European customers using Arbitrum infrastructure. Over time, the company plans to migrate these tokenized assets onto its proprietary chain, consolidating activity within its own ecosystem.
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Several major infrastructure providers are already integrated into the testnet environment, including Alchemy for development tools, LayerZero for cross-chain messaging, Chainlink as the primary oracle provider, and TRM Labs for compliance and risk monitoring.
Competitive Pressure in Exchange-Led Chains
The move places Robinhood in direct competition with other exchange-backed blockchain initiatives, most notably Coinbase and its Base network. As traditional trading platforms race to tokenize equities and financial products, proprietary Layer 2 networks are emerging as the new battleground for user ownership, fee capture, and liquidity.
Robinhood’s mainnet launch is expected later in 2026. If early testnet traction continues, the company could position itself as a major bridge between traditional brokerage services and on-chain capital markets.
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