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▲ Robinhood (HOOD)/AI Generated Image
Robinhood Markets (HOOD) boosted its stock price by over 8% by simultaneously unveiling its own blockchain mainnet and setting an AI Guinness World Record.
According to cryptocurrency media outlet BeInCrypto on July 2 (local time), Robinhood launched the Robinhood Chain public mainnet during its keynote address in London. With the official launch of the Arbitrum-based Layer 2 network, Robinhood's stock price surged by more than 8% after the event.
The Robinhood Chain entered the mainnet phase approximately five months after its public testnet was launched in February. This network is designed as a permissionless network targeting financial services and tokenized real-world assets. Transactions are processed off-chain and settled on Ethereum (ETH), a method Robinhood explained could lower fees.
The Robinhood Chain does not have its own token and uses Ethereum for gas and transaction fees. The company stated that block generation time is approximately 100 milliseconds. Chainlink is participating as the official data and cross-chain oracle from day one to support Robinhood Stock Tokens.
The core of this launch is the expansion of tokenized stock trading. Eligible users in over 120 countries can trade tokenized stocks 24 hours a day through the Robinhood Wallet. Uniswap joined as a partner on the first day, deploying a dedicated liquidity protocol. Robinhood Earn offers USDG stablecoin loans to eligible users in the U.S. with an estimated annual yield of 7%, expanding its Morpho-based Crypto Earn strategy.
Robinhood also set an AI agent Guinness World Record on stage that day. An AI agent completed the most purchases in 3 minutes using a virtual Agentic Credit Card, and an on-site judge certified the record. Robinhood plans to expand Agentic Accounts from stocks and options to U.S. crypto trading.
However, the company disclosed that AI agents might operate based on outdated data or function differently than expected, and real-time interruption might be difficult. Following the mainnet launch, the market's focus has shifted to actual adoption rates. Developer activity and stock token trading volume in the coming weeks will be key indicators of whether the Robinhood Chain can capture Wall Street's attention.
[Article Key Summary]
-Robinhood unveiled its Arbitrum-based Robinhood Chain mainnet, and its stock price rose by over 8% after the event.
-Eligible users in over 120 countries can trade tokenized stocks 24 hours a day through the Robinhood Wallet.
-The AI agent Guinness record stimulated investment sentiment, but actual performance depends on developer activity and stock token trading volume.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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