Robinhood's Layer 2 Blockchain Logs 4 Million Transactions in Its First Week
The trading giant's Ethereum L2 testnet is already buzzing with 600,000 smart contracts deployed and 100ms block times.
Robinhood is no longer just a crypto trading platform — it is building its own blockchain, and developers are showing up in droves.
The company's public testnet, which launched on February 10 as an Ethereum-compatible Layer 2 solution built on Arbitrum Orbit and Nitro technology, logged 4 million transactions in its first week. CEO Vlad Tenev shared the milestone on February 19, along with another eye-popping number: over 600,000 smart contracts have already been deployed on the testnet.
What Robinhood Is Building
This is not another generic L2 chain. Robinhood's blockchain is laser-focused on tokenized real-world assets (RWAs) — enabling stocks, ETFs, real estate, and other financial instruments to be represented and traded on-chain.
Block times are as fast as 100 milliseconds, making it suitable for high-frequency financial applications. Testnet features include experimental stock tokens that let developers prototype tokenized equity applications.
Infrastructure partnerships include Alchemy, LayerZero, and Chainlink, providing the building blocks for cross-chain interoperability and reliable data feeds.
The Bigger Play
Robinhood has committed $1 million to the 2026 Arbitrum Open House program, funding buildathons and founder events in New York, Dubai, London, and Singapore. Mainnet launch is planned for later this year.
The company reported Q4 2025 revenue of $1.28 billion, up 27% year-over-year — giving it the financial muscle to invest seriously in blockchain infrastructure.
Why This Matters
When a company with millions of existing retail investors builds its own chain specifically for tokenized stocks and real-world assets, it bridges two worlds that have been slowly converging. If the mainnet delivers on the testnet's promise, Robinhood could bring a massive wave of traditional investors into the on-chain ecosystem.
The 4 million transactions and 600,000 smart contracts in week one suggest developers think this is worth building on. That early signal is hard to ignore.