Robinhood’s L2 testnet hits 4M transactions in first week, CEO says

CoinTelegraph

by Amin Haqshanas

February 19, 2026

AI-Generated Deep Dive Summary

Robinhood’s L2 testnet achieved an impressive milestone by processing 4 million transactions in just one week since its public launch. CEO Vlad Tenev announced this feat on X, highlighting the success of the Robinhood Chain, a layer-2 (L2) network built using Arbitrum technology. This network is designed to support tokenized real-world assets (RWAs) and blockchain-based financial services, aiming to create a high-throughput environment for innovative financial applications. The testnet follows six months of private testing and marks a significant step toward Robinhood’s planned mainnet launch later this year. The L2 network was developed with the goal of enhancing scalability and efficiency in financial transactions. By leveraging Arbitrum technology, Robinhood aims to address some of the key challenges faced by layer-1 (L1) blockchains, such as high transaction costs and slower processing times. The testnet’s performance during its first week suggests that it could become a robust platform for experimenting with new financial applications, including stock-style tokens and other decentralized finance (DeFi) tools. This development is particularly significant for the crypto community, as it signals a potential shift toward more mainstream adoption of blockchain technology in traditional finance. By integrating tokenized assets and on-chain financial services, Robinhood’s L2 network could bridge the gap between conventional trading platforms and blockchain-based ecosystems. This

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Originally published on CoinTelegraph on 2/19/2026