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RT Watson

Robinhood unveils public testnet for its Arbitrum-based Ethereum Layer 2 chain

On Tuesday night, Robinhood launched the public testnet for Robinhood Chain, an Ethereum Layer 2 network built on Arbitrum that is designed to support experimentation before a future mainnet launch. The company plans to use the chain for tokenized real-world assets, DeFi access, and testnet-only Stock Tokens, while its recent earnings showed a 38% year-over-year drop in crypto transaction revenue to $221 million in last year's fourth quarter.
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