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▲ Robinhood (HOOD)/AI generated image
Robinhood Markets (HOOD) has boosted its stock price by over 8%, simultaneously unveiling its own blockchain mainnet and setting an AI Guinness World Record.
According to crypto media outlet BeInCrypto on July 2 (local time), Robinhood launched the public mainnet for Robinhood Chain during its keynote speech in London. With the Arbitrum-based Layer 2 network officially operational, Robinhood's stock price rose by more than 8% after the event.
Robinhood Chain entered the mainnet phase approximately five months after launching its public testnet in February. This network is designed as a permissionless network targeting financial services and tokenized real-world assets. Transactions are processed off-chain and settled on Ethereum (ETH), a method Robinhood states can reduce fees.
Robinhood Chain does not have its own token and uses Ethereum for gas and transaction fees. The company stated that block generation time is approximately 100 milliseconds. Chainlink is participating as the official data and cross-chain oracle from day one, supporting Robinhood Stock Tokens.
The core of this launch is the expansion of tokenized stock trading. Eligible users in over 120 countries can trade tokenized stocks 24 hours a day via Robinhood Wallet. Uniswap participated as a launch partner, deploying a dedicated liquidity protocol. Robinhood Earn offers USDG stablecoin loans to eligible users in the US with an estimated annual yield of 7%, expanding its Morpho-based Crypto Earn strategy.
On stage that day, Robinhood also set a Guinness World Record for an AI agent. An AI agent completed the most purchases in 3 minutes using a virtual Agentic Credit Card, and an on-site judge certified the record. Robinhood plans to expand Agentic Accounts from stocks and options to US cryptocurrency trading.
However, the company disclosed that AI agents might operate based on outdated data or function unexpectedly, and real-time interruption might be difficult. Following the mainnet launch, the market's focus has shifted to actual adoption rates. Developer activity and stock token trading volume in the coming weeks will be key indicators to determine if Robinhood Chain can capture Wall Street's interest.
[Article Key Summary]
-Robinhood unveiled its Arbitrum-based Robinhood Chain mainnet, and its stock price rose by over 8% after the event.
-Eligible users in over 120 countries can trade tokenized stocks 24 hours a day via Robinhood Wallet.
-The AI agent Guinness Record stimulated investor sentiment, but actual performance depends on developer activity and stock token trading volume.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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