Robinhood Chain mainnet goes live, HOOD up 8%—is Base facing its strongest competitor? Last night, the AI tech sector in the U.S. stock market pulled back, while crypto-related stocks rallied. Coinbase (COIN) surged 9.15% intraday, and Robinhood (HOOD) climbed 8.41%. Robinhood announced in the early hours local time that the Robinhood Chain has officially launched its mainnet. Built on Arbitrum, this chain is positioned as an Ethereum Layer 2, with a core focus on RWA—allowing stocks, ETFs, and private equity assets to be tokenized and traded on-chain, operating 24/7. Uniswap, Morpho, LayerZero, Chainlink, and Arcus have already joined the ecosystem. However, the competition is clear: Base, backed by Coinbase, is in the same space with a well-established ecosystem and a solid developer base. Whether Robinhood Chain can leverage its RWA differentiation to secure its footing remains to be seen over time.