Robinhood Joins Layer 2 Competition with Its Public Testnet Launch of Robinhood Chain

Robinhood has initiated the public testnet for Robinhood Chain, a Layer 2 Ethereum network powered by Arbitrum. The testnet aims to speed up the growth of tokenized physical and digital assets, providing developers with early access to the core infrastructure before the mainnet launch scheduled for later this year. Robinhood Chain, built on Arbitrum, focuses on reliability, security, and compliance while supporting financial-grade decentralized products. The public testnet allows developers to build and validate applications, with several infrastructure providers already integrating with the network. Participants can access network entry points, developer documentation and early infrastructure support. Despite its expansion into crypto, Robinhood's revenue from cryptocurrency transactions fell by 38% in Q4 2025, contrasting the preceding quarter's revenue surge to $268 million.