Robin Hood Chain Testnet Hits 4M Transactions In First Week, Tenev Says
Robinhood's Ethereum Layer-2 network processed 4 million transactions in its first week of public testnet activity, CEO Vlad Tenev said.
In a Thursday post on X, Tenev said developers have begun testing applications on the L2 network, which is dedicated to tokenized real-world assets (RWAs) and blockchain-based financial services. “The next phase of finance will be powered by onchain,” he wrote.
The trading platform announced the launch of the Robinhood Chain Testnet last week as Ethereum's Layer 2 using Arbitrum technology. The launch follows six months of private testing and is intended to serve as an advanced environment for financial applications.
According to the company, the chain is designed to support tokenized stocks, exchange traded funds (ETFs) and other traditional financial instruments. Infrastructure partners include Alchemy, LayerZero and Chainlink.
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Robinhood plans to launch the mainnet this year
A mainstream launch for the Robin Hood chain is planned for later this year. In the meantime, testnet will host test assets including stock-style tokens and tight connections to the company's crypto wallet.
The move comes as Robinhood is expanding its crypto footprint beyond trading. The firm simulates about 500 US stocks and ETFs on arbitrage as part of its broader real-world asset strategy.
Robinhood reported Q4 2025 net income of $1.28 billion, up 27 percent year-over-year, but below analyst expectations of $1.34 billion, as crypto revenue weakened. Revenue from cryptocurrency trading fell 38% to $221 million after the market slump in October, contributing to a 34% drop in net income to $605 million.
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Tokenized real world assets rise 10% in one month.
According to data obtained by RWA.xyz, the registered RWA market continues to grow, with approximately $24.83 billion worth of assets going live on-chain. The broader category of digitally represented assets now totals around $372.97 billion, and the number of wallets containing tokenized financial products has reached 850,558, up more than 33% in 30 days.
Meanwhile, Stablecoin has a value of $296.69 billion with 236 million users. Although the overall value of the fixed coin slipped slightly during the month, the number of holders continued to increase.
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