Robinhood Launches Ethereum Layer-2 Network: Leveraging ETH Security for Crypto Accessibility

Financial platform Robinhood has officially announced the development of its own Ethereum Layer-2 scaling network. The company's leadership emphasized that the core motivation for building on Ethereum was to inherit its robust security. This new network aims to provide users with faster and cheaper transactions while maintaining the high-security guarantees of the Ethereum mainnet. The move is seen as a significant step in bridging traditional finance with decentralized ecosystems, potentially driving greater adoption of Ethereum-based assets and applications. By choosing Ethereum's foundational security, Robinhood signals strong confidence in the ETH blockchain's long-term viability and its role as a secure settlement layer for the broader crypto economy.