Robinhood joins Layer 2 race with public testnet launch of Robinhood Chain

Infrastructure providers including Chainlink, Alchemy, and LayerZero are already integrating with Robinhood Chain’s recently launched testnet.

Robinhood has launched the public testnet for Robinhood Chain, an Ethereum Layer 2 network built on Arbitrum. The US-based trading platform said the testnet is designed to accelerate the development of tokenized real-world and digital assets.

The move would give developers early access to the core infrastructure ahead of a planned mainnet launch later this year.

Decision-based layer 2 testnet

Now that the public testnet is live, developers can start building and verifying applications on Robinhood Chain, using an environment that is compatible with standard Ethereum development tools and leverages Arbitrum technology. Robinhood declared that several infrastructure providers, such as Alchemy, Allium, Chainlink, LayerZero and TRM, are already integrating with the network.

It is expected that more partners will come on board in the initial phase of the testnet. As part of the launch, participants will have access to network access points to the testnet, developer documentation hosted on Robinhood’s website, and early infrastructure support from ecosystem partners.

The company stated that the testnet phase is intended to support experimentation, identify potential issues, improve network stability, and lay the groundwork for developers ahead of the upcoming mainnet.

Robinhood Chain is backed by the company’s existing infrastructure and experience. It was developed with an emphasis on reliability, security and compliance, the release said. Built on Arbitrum, the network supports bridging and self-custody, along with the scalability and customizability needed for decentralized financial-grade products such as tokenized asset platforms, lending platforms and perpetual futures exchanges.

Going forward, Robinhood said developers building the chain will have access to testnet-only assets, including Stock Tokens for integration testing, as well as direct testing with Robinhood Wallet. The company added that the chain is designed to provide a trusted development environment within the broader Ethereum and Arbitrum ecosystem.

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Institutional expansion comes with revenue headwinds

The trading platform has continued to deepen its exposure to cryptocurrencies since rolling out crypto trading to users. Last year, Robinhood officially completed its $200 million acquisition of Bitstamp, which was touted as the formal entry into institutional crypto. However, sales trends have weakened in recent months.

Robinhood will arrive in the fourth quarter of 2025 generated $221 million in cryptocurrency transactions, down 38% from a year earlier. The result was in contrast to the previous quarter, when crypto revenues rose to $268 million amid broader market turmoil.