Robinhood Chain launches as Ethereum Layer-2 network, processes over $3 billion in trading volume within first week

Robinhood Chain launches as an Ethereum Layer-2 network built on Arbitrum technology, processing over $3 billion in trading volume within its first week. Designed for tokenized real-world assets, the network utilizes ETH as its native gas token and operates on a first-come, first-served sequencing model. Users can access the EVM-compatible network by manually configuring self-custodial wallets like MetaMask, Rabby, or Coinbase Wallet using Chain ID 4663, or secure their assets using Ledger hardware wallets.

Robinhood Chain Layer-2 architecture

• ▪Robinhood Chain uses Ethereum (ETH) as its native gas token
• ▪Robinhood Chain is an Ethereum Layer-2 blockchain built using Arbitrum Dedicated Blockchains technology
• ▪Robinhood Chain processes transactions using a first-come, first-served sequencing model where users cannot pay higher fees for priority placement

MetaMask network configuration steps

• ▪To add Robinhood Chain to MetaMask manually, users must enter the Network Name as Robinhood Chain and the RPC URL as https://rpc.mainnet.chain.robinhood.com.
• ▪The manual MetaMask configuration for Robinhood Chain requires entering Chain ID 4663 and the currency symbol ETH
• ▪The Block explorer URL for Robinhood Chain manual configuration is https://robinhoodchain.blockscout.com.

ETH bridging methods

• ▪Users can fund a Robinhood Chain wallet by withdrawing Ethereum (ETH) directly to their wallet address if their exchange supports Robinhood Chain withdrawals
• ▪Users can fund a Robinhood Chain wallet by bridging Ethereum (ETH) from the Ethereum mainnet using the official Robinhood Chain bridge or a supported third-party bridge

EVM wallet comparison

• ▪Trust Wallet is a mobile-first EVM wallet that features a built-in dApp browser, allowing users to connect to Robinhood Chain applications directly inside the app
• ▪Rabby is an EVM wallet designed for power users that auto-detects the active chain and provides plain-English transaction previews and pre-sign risk warnings
• ▪Coinbase Wallet is a beginner-friendly self-custodial app that supports custom EVM networks and offers a smooth on-ramp for users with funds on the Coinbase exchange
• ▪MetaMask is a browser extension and mobile app that serves as a default EVM wallet option but features basic transaction previews
• ▪Rainbow is a design-focused EVM wallet available on mobile and browser extensions that prioritizes visual portfolio tracking and NFT artwork displays

Hardware wallet security

• ▪To use Ledger on Robinhood Chain, users must pair the hardware device with a software wallet like MetaMask or Rabby and select the Ledger account
• ▪Ledger is a hardware wallet that keeps private keys in cold storage, requiring physical confirmation on the device for every transaction