Overview
- CEO Vlad Tenev announced the milestone on X and said developers are already building on the Ethereum Layer-2 designed for real-world asset tokenization.
- The public testnet, live since early February, allows experimentation with developer tooling, multiple entry points, and test-only stock tokens.
- Some X users praised the volume as a sign of genuine curiosity, while others called testnet figures vanity metrics and questioned external adoption.
- Skeptics argued another blockchain could fragment liquidity versus leveraging Ethereum’s established base, raising questions about network necessity.
- The update follows Robinhood’s Q4 2025 results showing $1.28 billion in revenue, up 27% year over year, with crypto-related revenue down about 38%.