Robinhood Unveils Public Testnet for Ethereum-Based Network

Robinhood, a well-known trading platform, has launched its public testnet for 'Robinhood Chain', an Ethereum-based Layer-2 network built on Arbitrum.

The company is offering developers 'Stock Tokens' linked to Tesla, Amazon, Palantir, Netflix, and AMD for experimenting on the testnet.

During the test phase, developers can experiment with testnet-only assets, including 'Stock Tokens' worth 0.5 testnet ETH each.

Retail sentiment around Robinhood's stock trended in 'extremely bullish' territory before the announcement, but its stock fell nearly 9% after hours on Tuesday night.