Robinhood launched its Layer 2 chain Robinhood Chain based on Arbitrum Orbit on July 2, alongside tokenized stocks, on-chain lending, and AI trading features. The stock rose 8.35% to $108.6. However, dYdX's announcement of a new DEX, Arcus, built on Robinhood Chain instead of dYdX Chain sparked strong backlash, causing DYDX token to drop over 40% intraday. This article covers Robinhood's product portfolio, ecosystem partners, the dYdX controversy, and market implications.

Robinhood launched its L2 chain Robinhood Chain based on Arbitrum Orbit, along with tokenized stocks, on-chain lending, AI trading, and other crypto products. The chain quickly attracted top protocols like Uniswap and Morpho. However, dYdX’s decision to build its new DEX Arcus on Robinhood Chain instead of dYdX Chain sparked community backlash, causing DYDX token to drop 40.7% intraday. This article analyzes Robinhood Chain’s product suite, ecosystem integration controversies, and market impact.

Robinhood unveiled its Layer2 chain Robinhood Chain at a London event on July 2, alongside tokenized stocks, on-chain lending, and AI trading products. While major protocols like Uniswap and Morpho integrated, the dYdX foundation's new DEX Arcus built on Robinhood Chain sparked community backlash, causing DYDX tokens to drop 40.7% intraday. Robinhood aims to transform from a retail broker into a global financial gateway, but faces headwinds from declining crypto revenue.

Robinhood于7月2日宣布其Layer2链Robinhood Chain主网上线，同步推出代币化股票、链上借贷、AI交易等产品，并加速全球扩张。消息推动股价上涨8.35%，逼近历史高位。Uniswap、Morpho、Chainlink等头部协议纷纷接入其生态，但dYdX推出的新DEX Arcus选择部署在Robinhood Chain而非dYdX Chain，引发社区强烈不满，DYDX代币当日暴跌超40%。文章详细梳理了Robinhood的链上金融布局、生态合作状况以及dYdX的争议事件，并分析了其对市场的影响。

Robinhood unveiled its Layer 2 chain Robinhood Chain (based on Arbitrum Orbit) at a London event on July 2, alongside tokenized stocks, on-chain lending, AI trading, and a global expansion push. The stock rose 8.35% to $108.6. Major protocols like Uniswap and Morpho joined, but controversy erupted when dYdX foundation launched Arcus on Robinhood Chain instead of dYdX Chain. Community members fear resource diversion and DYDX dilution; DYDX dropped ~40.7% intraday. Robinhood aims to transition from a neo-broker to a next-gen on-chain financial gateway.

Ahead of its Q2 earnings, Robinhood launched its L2 mainnet Robinhood Chain, built on Arbitrum Orbit, alongside tokenized stocks, on-chain lending, and AI trading tools. The stock rose 8.35% to a six-month high. The chain quickly attracted major protocols like Uniswap, Morpho, and Chainlink. However, dYdX’s decision to build its new DEX Arcus on Robinhood Chain instead of dYdX Chain triggered fierce community opposition, with fears of resource diversion and DYDX dilution. Despite founder promises to allocate tokens to the dYdX community, DYDX fell over 40% intraday.

On the eve of its Q2 earnings report, Robinhood launched its Layer2 chain Robinhood Chain on mainnet, unveiling tokenized stocks, on-chain lending, AI trading, and accelerated global expansion. The stock surged 8.35% to $108.6. Built on Arbitrum Orbit, the chain quickly attracted major protocols like Uniswap, Morpho, and Chainlink. However, dYdX Foundation’s announcement of a new DEX named Arcus on Robinhood Chain—rather than on dYdX Chain—sparked community outrage, causing DYDX tokens to plummet ~40.7% intraday. This article dissects Robinhood’s on-chain finance ambitions and the disruptive impact on decentralized exchange dynamics.

Robinhood launched its L2 chain Robinhood Chain mainnet on July 2, introducing tokenized stocks, on-chain lending, AI trading, and other products for 28 million users. Major protocols including Uniswap, Morpho, and Chainlink quickly integrated. However, dYdX's new DEX Arcus, built on Robinhood Chain instead of dYdX Chain, triggered community backlash, sending DYDX token down 40.7% intraday. Robinhood's stock rose 8.35% to $108.6.