On July 2, 2026, Robinhood announced the mainnet launch of its Layer 2 chain, Robinhood Chain, built on Arbitrum Orbit. The release was accompanied by a suite of crypto products including tokenized stocks, on-chain lending, and AI-powered trading. Robinhood's stock rose 8.35% to $108.6. While the chain quickly onboarded top protocols such as Uniswap, Morpho, and Chainlink, a controversial move by dYdX—launching a new DEX called Arcus on Robinhood Chain instead of dYdX Chain—triggered community backlash, causing DYDX tokens to plunge ~40.7% intraday. This article dissects Robinhood's on-chain strategy, product details, and the dYdX fallout.

On July 2, Robinhood hosted 'The World is Flat' event in London, officially launching its Layer2 chain Robinhood Chain on mainnet based on Arbitrum Orbit. The company simultaneously introduced multiple crypto products including tokenized stocks, on-chain perpetual contracts, decentralized lending product Robinhood Earn, and AI-driven Agentic Accounts. Robinhood Chain quickly attracted major protocols such as Uniswap, Morpho, and Chainlink. However, controversy erupted when the dYdX Foundation announced a new DEX, Arcus, built on Robinhood Chain instead of its own dYdX Chain, sparking community outrage. DYDX tokens plunged approximately 40.7% intraday.

Robinhood officially launched its Arbitrum Orbit-based L2 chain, Robinhood Chain, at a London event on July 2, alongside a suite of on-chain products including tokenized stocks, on-chain lending, AI-powered trading, and global expansion. The stock rose 8.35% on the news. However, the dYdX Foundation's announcement of a new DEX, Arcus, built on Robinhood Chain rather than dYdX Chain, sparked community backlash over potential resource diversion and token value dilution, causing DYDX to plummet ~40.7% intraday. This article breaks down Robinhood's strategic push and the dYdX controversy.

Ahead of its Q2 earnings report, Robinhood unveiled its Layer2 blockchain Robinhood Chain mainnet launch, along with multiple crypto products including tokenized stocks, on-chain lending, AI trading, and global expansion plans. The news drove Robinhood's stock up 8.35% to $108.6. Meanwhile, dYdX announced a new DEX Arcus built on Robinhood Chain, sparking community backlash over potential resource diversion and token dilution. DYDX token plunged ~40.7% on the day. This article analyzes Robinhood's on-chain strategy, product suite, partner ecosystem, and the controversial dYdX collaboration with market impact.

Robinhood 在伦敦发布 Robinhood Chain 主网，同步推出代币化股票、链上永续合约、去中心化借贷（Robinhood Earn）以及 AI 交易等产品，覆盖全球 2800 万用户。Uniswap、1inch、Morpho、Chainlink 等头部协议纷纷接入。dYdX 宣布基于 Robinhood Chain 推出新 DEX Arcus，但未使用 dYdX Chain，引发社区强烈不满，DYDX 代币单日暴跌 40.7%。Robinhood 股价当日上涨 8.35% 至 108.6 美元，但其加密业务一季度收入同比下降 47%。

Robinhood launched the mainnet of its Layer 2 chain, Robinhood Chain, on July 2, introducing tokenized stocks, on-chain lending, AI trading, and more. While major DeFi protocols quickly integrated, the announcement of a new DEX called Arcus—built on Robinhood Chain by the dYdX team—sparked fierce backlash. Community members accused the team of diverting resources and risking DYDX token dilution, sending DYDX down 40.7% in one day.

Robinhood launched its L2 chain Robinhood Chain based on Arbitrum Orbit on July 2, unveiling a suite of crypto products including tokenized stocks, on-chain perpetuals, AI trading, and decentralized lending. The stock price surged 8.35% to a near six-month high. Top protocols like Uniswap, Morpho, and Chainlink quickly integrated, while dYdX Foundation's new DEX Arcus—deployed on Robinhood Chain instead of dYdX Chain—triggered intense community backlash, sending DYDX token down over 40% intraday.

Robinhood officially launched its Layer 2 chain, Robinhood Chain, built on Arbitrum Orbit, on July 2, unveiling a suite of on-chain products including tokenized stocks, perpetuals, decentralized lending (Robinhood Earn), and AI trading. The chain quickly attracted top protocols like Uniswap, 1inch, Morpho, and Chainlink. However, the dYdX Foundation's announcement of a new DEX, Arcus, deployed on Robinhood Chain instead of dYdX Chain, ignited fierce community backlash. DYDX token plunged 40.7% in a single day. This article analyzes Robinhood's on-chain finance ambitions and the trust crisis facing dYdX.