Robinhood has launched the public testnet for its Ethereum Layer-2 network, Robinhood Chain, marking a significant step in its blockchain strategy. This initiative aims to expand Robinhood's on-chain financial services by integrating tokenized assets and decentralized finance (DeFi) liquidity. The testnet allows developers to test applications before the full launch, fostering an ecosystem for both real-world and digital assets. Despite the promising developments, Robinhood's stock has dropped 8.8% to $78.09, following a broader market decline. The company reported Q4 revenue of $1.28 billion, missing expectations, with crypto transaction revenue falling to $221 million. Nevertheless, Robinhood remains committed to its blockchain plans, partnering with key infrastructure providers like Alchemy and Chainlink to enhance its platform's capabilities.