Robinhood’s Head of Crypto explains why they’re building an Ethereum L2 “You see a lot of companies right now building their own L1. We were excited about this idea of controlling everything you want to build, but creating the security of a real, proper, decentralized chain is extremely difficult, and you basically get that for free with Ethereum.” “When you look at some of these new L1s that are being created: it’s not really decentralized and it’s not really secure — at the end of the day it’s basically a fancy database that’s a bit slower to use than an actual database, so we didn’t really see the value in that. With Ethereum we get the security by default.” “The second thing that we get by building an L2 is all of the liquidity that is already on every EVM-compatible chains. That was also a very important decision factor for us. If we really want to bring the stock market on-chain, we need to have this liquidity. It’s not going to be possible if it’s in a closed loop or a closed chain that nobody can access.” “For us, those were the two elements that we really wanted to focus on, and that’s why we decided to build on Ethereum.” Source: @DeFi_Dad (Dec 2025)