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Robinhood Tests RWA Chain, Canopy Launches Incentive Program

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Robinhood has launched a public testnet for Robinhood Chain, a Layer 2 network focused on real-world assets (RWA), including tokenized stocks, ETFs, and private assets. The testnet supports 24/7 trading, cross-chain bridging, and self-custody, with use cases in lending protocols and perpetual exchanges. Canopy, an AI-driven Layer 1 blockchain, has also announced a $1.2 million seed round and an early participation points program. On-chain updates from both projects underscore continued momentum in RWA development.

Original | Odaily Planet Daily (@OdailyChina)

Author | Asher (@Asher_0210)

Robinhood Chain: Focused on fully on-chain RWA assets on L2

Project Overview

On February 11, Robinhood announced the launch of the Robinhood Chain public testnet based on Arbitrum, which will support tokenized real-world assets, including stocks, ETFs, private assets, and other financial instruments (Read more: Robinhood Enters L2 with a Focus on RWA Tokenization).

Robinhood stated that the public testnet provides developers with a foundation to explore potential use cases, validate applications in advance, and prepare for mainnet launch, advancing the tokenization of real-world assets and DeFi liquidity integration. Robinhood Chain is expected to support 24/7 trading, cross-chain bridging, and self-custody, enabling use cases such as tokenized asset platforms, lending protocols, and perpetual futures exchanges.

Interactive Tutorial

STEP 1. Add the test network and claim test tokens (link: https://faucet.testnet.chain.robinhood.com/).

STEP 2. Complete the testnet badge (link: https://onchaingm.com/badge-robinhood).

STEP 3. Some platforms, such as NFTs2Me, have launched Robinhood testnet NFTs to enrich interaction data on the Robinhood testnet; however, minting NFTs requires a small amount of ETH, so consider the cost (links: https://bold-robinhood-gold.testnet.nfts2.me/ and https://robinhood-penta.testnet.nfts2.me/).

Canopy: An AI-driven L1 blockchain

Project Overview

Canopy is an AI-driven L1 blockchain currently in the testnet phase, with a points incentive program now live. At the end of January 2025, Canopy announced the completion of a $1.2 million seed round led by Mechanism Capital and CitizenX, with participation from Primitive, GSR, and Side Door Ventures.

Interactive Tutorial

STEP 1. Go to the campaign page (link: https://rewards.canopynetwork.org/) and connect your wallet and personal X account.

STEP 2. After linking your X account, you can unlock 4 tasks to earn points; the other 3 tasks are daily tasks.

STEP 3. More points tasks are available below—complete the required conditions to claim them.

TBD: A prediction market platform based on Solana

Project Overview

TBD is a prediction market platform built on Solana, focused on polling-type events, and became available to users on February 25. On the same day, it announced the completion of a $3 million seed round led jointly by CMT Digital and ParaFi.

Interactive Tutorial

Currently, register with X or use TBD on Solana Seeker to receive a risk-free bet bonus of up to $100.

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