HOOD Climbs 8% on Robinhood Chain Launch and an AI Guinness Record
Robinhood launched the general public mainnet of Robinhood Chain, transferring its Arbitrum-based Layer-2 community dwell throughout a keynote in London. HOOD shares gained greater than 8% after the occasion.
The firm additionally set a Guinness World Record on stage. An AI agent used a digital Agentic Credit Card to finish probably the most purchases inside three minutes.
Robinhood Chain Mainnet Builds on Arbitrum
The launch arrives roughly 5 months after the dealer opened a public testnet in February. According to the official announcement, the permissionless community targets monetary companies and tokenized real-world belongings.
Robinhood Chain runs on the Arbitrum know-how stack. The community processes transactions off-chain and settles them on Ethereum, an method the corporate says lowers charges.
The chain skips having its proprietary token. Instead, it makes use of Ethereum (ETH) to cowl fuel and transaction prices.
In addition, Robinhood claims roughly 100-millisecond block occasions. Meanwhile, Chainlink stated it now serves because the community’s information and cross-chain oracle, supporting Stock Tokens from launch.
Robinhood joins a wider company transfer onto Arbitrum. LG Electronics not too long ago constructed a blockchain ad network on the identical infrastructure.
Robinhood Stock Tokens and DeFi Lending Go Live
Stock Tokens type the core of the discharge. Eligible customers in additional than 120 nations can now commerce tokenized equities across the clock by means of Robinhood Wallet, though availability varies by jurisdiction.
Uniswap joined as a day-one accomplice and deploys a devoted liquidity protocol on the chain. Meanwhile, Robinhood Earn lets eligible US customers lend the USDG stablecoin at an estimated 7% APY, extending the agency’s new Crypto Earn push constructed on Morpho.
Rivals need the identical floor. Binance and OKX are additionally exploring tokenized US stocks, due to this fact competitors within the section retains constructing.
AI Record Lifts Wall Street Sentiment
The Guinness stunt showcased Robinhood’s agentic ambitions. The AI agent sourced, chosen, and ordered items for attendees, and an on-site adjudicator licensed the file.
The firm plans to increase Agentic Accounts from equities and choices to US crypto buying and selling. Robinhood’s personal disclosures warn that AI brokers can act on outdated information, behave unexpectedly, and show troublesome to cease in actual time.
Investors nonetheless responded shortly. HOOD climbed 8.4% to round $108.
However, the rally contrasts with earlier warning. In February, analysts warned that weak crypto exercise may stress the Robinhood stock price this 12 months.
The mainnet launch now shifts consideration to adoption. Builder exercise and Stock Token volumes over the approaching weeks will present whether or not the chain can maintain Wall Street’s curiosity.
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