Robinhood just went from selling crypto to building the infrastructure it runs on. The company launched Robinhood Chain’s public mainnet on July 1, and within a week, projects started migrating away from Solana to join it.
What Robinhood actually built
Robinhood Chain is a permissionless Ethereum Layer 2 built on Arbitrum’s infrastructure. The chain is designed specifically for on-chain financial services and tokenized real-world assets. Block times clock in at 100ms, and the platform already supports tokens representing shares of major companies including NVIDIA, Google, and Apple.
Early partners include Uniswap, the largest decentralized exchange by volume, and Pleiades.
Solana’s problem just got more concrete
World.xyz, a decentralized prediction market, initially launched on Solana. Then, on July 8, it packed up and moved to Robinhood Chain. The entire lifecycle from Solana debut to migration took roughly one week.
World.xyz cited lower fees and access to Robinhood’s massive retail user base as key motivations.
To be fair, Robinhood hasn’t abandoned Solana entirely. The company has supported SOL with listings and staking options since as early as 2022, and it continues to offer Solana-based services.
Wall Street noticed
Robinhood’s stock surged over 8% following the mainnet launch announcement. The stock jump reflects broader market enthusiasm for DeFi innovation and stock tokenization. Robinhood Chain sits at the intersection of both, and Robinhood, as an already-regulated broker-dealer, potentially solves both regulatory clarity and distribution simultaneously.
Source: Original Article
