CEO Confirms Robinhood's Layer-2 Testnet Processes 4 Million Transactions Within Initial Week
The trading platform is targeting a mainnet deployment before year-end while its testnet environment facilitates testing of experimental assets such as tokenized stocks.
During its initial week of public testnet operation, Robinhood's Ethereum layer-2 network successfully handled four million transactions, as confirmed by the company's Chief Executive Officer Vlad Tenev.
Tenev shared the update via a Thursday post on the X platform, revealing that application developers have started conducting experiments on the L2 network, which was specifically designed to facilitate tokenized real-world assets (RWAs) and financial services built on blockchain technology. His post concluded with the statement: "The next chapter of finance runs onchain."
The financial services platform introduced the Robinhood Chain testnet to the public last week, implementing it as an Ethereum layer 2 solution constructed with Arbitrum technology. This public release came after approximately six months of testing conducted privately, with the goal of creating a high-throughput environment suitable for various financial applications.
The company states that the blockchain network has been engineered to accommodate tokenized equities, exchange-traded funds (ETFs) and additional conventional financial instruments. Key infrastructure partners supporting the initiative include Alchemy, LayerZero and Chainlink.
Robinhood plans mainnet launch this year
Robinhood Chain's mainnet deployment is scheduled to take place later this year. During the interim period, the testnet environment will continue to support experimental assets, such as stock-style tokens, while developing stronger integrations with the company's cryptocurrency wallet.
This development arrives as Robinhood continues expanding its cryptocurrency operations beyond basic trading functionality. The platform has already completed the tokenization of nearly 500 US stocks and ETFs on the Arbitrum network as a component of its comprehensive real-world asset strategy.
The company disclosed $1.28 billion in Q4 2025 net revenue, representing a 27% year-over-year increase, though falling short of analyst expectations of $1.34 billion, as cryptocurrency income experienced a decline. Cryptocurrency trading revenue decreased 38% to $221 million following a market downturn in October, resulting in a 34% drop in net income to $605 million, despite earnings per share marginally surpassing forecasts.
Tokenized real-world assets climb 10% in a month
The market for tokenized RWAs maintains its growth trajectory, with approximately $24.83 billion in assets issued directly on-chain, representing roughly 10% growth over the past month, based on data from RWA.xyz. The broader category encompassing digitally represented assets currently totals around $372.97 billion, while the number of wallets containing tokenized financial products has climbed to approximately 850,558, marking an increase of more than 33% within 30 days.
In parallel developments, stablecoins represent roughly $296.69 billion in value distributed across 236 million users. Despite experiencing a slight decline in total stablecoin value over the month, the number of holders has continued its upward trajectory.