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Robinhood’s Ethereum Layer-2 Network Enters Public Testnet Phase

DeFi & Protocol

Robinhood Crypto has officially announced the launch of its Ethereum Layer-2 (L2) network into the public testnet phase, marking a significant milestone in the company’s expansion into the decentralized finance (DeFi) ecosystem. This initiative is designed to provide users with faster transaction speeds and significantly lower gas fees compared to the Ethereum mainnet. By leveraging Layer-2 technology, Robinhood intends to make on-chain activities more accessible to its massive user base, facilitating seamless swaps, staking, and interaction with decentralized applications (dApps) directly through its self-custody wallet. The public testnet phase allows developers and early adopters to stress-test the infrastructure and provide feedback before a full-scale mainnet deployment. This move aligns with Robinhood’s broader strategy to bridge the gap between traditional retail trading and the evolving world of Web3, further solidifying its position as a key player in the mass adoption of blockchain technology.

Source: Robinhood’s Ethereum Layer-2 Network Enters Public Testnet Phase

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