Stock trading startup Robinhood announced on July 2 that its Layer 2 public chain, Robinhood Chain, has officially launched its mainnet. The chain is built on Arbitrum. The company also introduced a DeFi deposit product called Robinhood Earn, allowing users to lend the USD-pegged stablecoin USDG through self-custodial wallets.
Robinhood Chain Mainnet: Built on Arbitrum, Testnet Launched in February 2026
According to Robinhood's official press release, Robinhood Chain is a Layer 2 public chain built on Arbitrum, positioned as an "AI-native blockchain tailored for real-world assets (RWA)." The testnet launched in February 2026, and after about four months of testing, the mainnet officially went live on July 2. The mainnet launch means developers can now begin deploying applications on the chain.
Robinhood Chain's ecosystem strategy is to embed RWA products (tokenized stocks, stablecoin deposits) directly on-chain, forming a closed loop of "chain → products → users."
Robinhood Earn: Estimated Annual Yield of Around 7%, Yield Derived from Interest on Underlying RWA Assets
According to Robinhood's official announcement, Robinhood Earn is a decentralized deposit product. Users can lend the USD-pegged stablecoin USDG through self-custodial wallets, with an estimated annual yield of about 7%. This yield comes from the interest passed through from the underlying RWA assets.
Robinhood's tokenized US stock products are already available to users in over 120 countries via the wallet app. CEO Vlad Tenev publicly stated in January 2026 that tokenized stocks are "inevitable" and can avoid the occasional trading freezes seen on traditional exchanges.
UK Crypto Trading Services on the Horizon, Tokenized US Stocks Already Live in 120 Countries
According to Robinhood's official announcement, the company has announced that it will launch cryptocurrency trading services in the UK, though the specific launch date has not been disclosed. Robinhood tokenized US stocks are already available to users in over 120 countries via the wallet app, with the UK crypto trading service as part of a new market expansion plan.
Mainnet Launch Amid 10% Layoffs, Q2 Crypto Revenue Down Nearly 50% Year-over-Year
According to Robinhood official information and reports, a few weeks before the mainnet launch, CEO Tenev announced a 10% reduction in staff as part of an organizational restructuring. Robinhood's April report showed that crypto trading revenue fell nearly 50% year-over-year, from $252 million to $134 million. Following the news, Robinhood's stock price rose about 8%. The second-quarter earnings are expected to be announced on July 29, 2026.
Competitor Base: TVL of Approximately $11 Billion, Two Outages in June 2026
According to reports, the L2 market that Robinhood Chain enters is currently dominated by Coinbase's Base. Base ranks as the second-largest L2 network with a total value locked (TVL) of approximately $11 billion. In June 2026, Base suffered two consecutive outages within a few hours, which the engineering team attributed to sequencer software errors.
The main difference between Robinhood Chain and Base is that Robinhood Chain integrates RWA products (tokenized stocks, stablecoin deposits) directly into its on-chain ecosystem, rather than merely providing on-chain infrastructure.
Frequently Asked Questions
What is Robinhood Chain and which public chain is it built on?
According to Robinhood's official press release, Robinhood Chain is a Layer 2 public chain built on Arbitrum, positioned as an "AI-native blockchain tailored for real-world assets (RWA)." The testnet launched in February 2026, and the mainnet officially went live on July 2, 2026.
What is the estimated annual yield for Robinhood Earn and what is the source of the yield?
According to Robinhood's official announcement, Robinhood Earn has an estimated annual yield of about 7%. Users lend the USD-pegged stablecoin USDG through self-custodial wallets, and the yield comes from interest passed through from the underlying RWA assets.
When will Robinhood's second-quarter earnings be announced?
According to Robinhood's official information, the second-quarter earnings are expected to be announced on July 29, 2026.
