Robinhood’s blockchain initiative has reached an early improvement milestone, with the Robinhood Chain testnet processing greater than 4 million transactions in its first week of launch, Robinhood CEO Vlad Tenev introduced on X.
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- Robinhood Chain processed over 4 million transactions in its first week, and CEO Vlad Tenev highlighted the expansion in developer exercise on the Ethereum Layer 2 community with a concentrate on tokenized real-world property (RWA) and on-chain finance.
- Some X customers known as the milestone “very spectacular,” however others warned that the testnet numbers could possibly be a conceit metric and questioned whether or not the exercise mirrored precise exterior improvement or inside stress testing.
- The blockchain push comes as Robinhood reported $1.28 billion in income within the fourth quarter of 2025 (up 27% year-over-year), however cryptocurrency income fell 38% year-over-year as a result of a downturn within the digital asset market.
4 million in a single week: Robinhood’s L2 testnet creates buzz
Tenev highlighted that builders are already constructing the Ethereum Layer 2 ecosystem of protocols designed for tokenized real-world property and on-chain monetary providers, calling it “the following chapter in finance.”
4 million transactions in first week of Robinhood Chain testnet.
Builders are already constructing L2 designed for tokenized real-world property and on-chain monetary providers.
The subsequent chapter of finance shall be executed on-chain.
— Vlad Tenev (@vladtenev) February 19, 2026
Robinhood Chain is a custom-built Ethereum Layer-2 community constructed on Arbitrum expertise, aimed toward lowering prices and growing scalability for decentralized purposes related to financial-grade use instances. The general public testnet, which has been open since early February, permits builders to experiment with instruments, community entry factors, and testnet-only property resembling “fairness tokens.”
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Firm X’s response to the CEO’s tweet was blended. One person warned that “testnet numbers are normally a conceit indicator,” however acknowledged that 4 million transactions in per week urged “precise curiosity.”
Customers questioned whether or not this exercise mirrored exterior builders transport the product or primarily inside stress testing, including that the actual problem is transferring significant RWA volumes with out advanced person expertise hurdles.
Others had been extra optimistic. One commenter described the numbers as “very spectacular” and urged that if the mainnet performs equally below load, it might result in a big improve in retail crypto.
4 million transactions within the first week may be very spectacular. If the mainnet holds up below the load, this could possibly be an actual begin for retail crypto.
— jobis.eth (@ZorbaLee2) February 19, 2026
Skepticism additionally emerged concerning the widespread use of latest blockchains. “There’s no have to reinvent the wheel,” one other person argued, pointing to Ethereum’s established developer base and lengthy observe file, and questioned whether or not launching further chains would disrupt liquidity and adoption.
The announcement comes amid widespread adjustments in Robinhood’s efficiency. Within the fourth quarter of 2025, Robinhood reported income of $1.28 billion, up 27% yr over yr, barely under Wall Avenue expectations as weak crypto buying and selling income weighed on outcomes.
Crypto-related income fell by about 38% year-over-year, reflecting the broader weak spot in digital asset markets, though fairness, choices, and subscription income supported general development.
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