• Vitalik: Why the trading app is building it own L2 while Ethereum founder cools on them Centralized exchanges are moving forward building their own blockchain infrastructure even as the broader Ethereum ecosystem debates its future. • What to know: The Robinhood Chain testnet has logged four million transactions in its first week that its testnet chain is live, CEO of the investment platform Vlad Tenev said on X on Thursday. • The chain, which focuses on tokenization and trading, comes at a time when centralized exchanges are increasingly building their own blockchain infrastructure even as the broader Ethereum ecosystem debates its future. • Ethereum co-founder Vitalik Buterin declared that the protocol’s long-held layer-2 rollup-centric roadmap “no longer makes sense,” and that Ethereum’s base layer is scaling faster than expected. • Robinhood’s (HOOD) testnet has logged four million transactions in its first week that its testnet chain is live, CEO of the investment platformVlad Tenev said on X on Thursday. • The Robinhood Chain, which focuses on tokenization and trading, comes at a time where centralized exchanges are looking to building their own blockchain infrastructure even as the broader Ethereum ecosystem debates its future.
Article Summaries:
- Robinhood has launched a testnet for its own Layer‑2 chain, reporting four million transactions in the first week, CEO Vlad Tenev said on X. The new network is aimed at tokenized assets and on‑chain trading, reflecting a trend of centralized exchanges building proprietary blockchains. This move comes amid a shift in Ethereum’s core roadmap: co‑founder Vitalik Buterin has said the long‑held focus on roll‑up‑based Layer‑2 solutions “no longer makes sense,” noting that the base layer is scaling faster than expected. The contrast highlights a growing divide between exchanges that are tightening control over infrastructure and Ethereum’s architects re‑examining scaling strategies.
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