Pendle deployed on Robinhood Chain on September 4, debuting its first fixed-income/yield market, sNET, expiring Sept 17, 2026. Separately, on-chain data showed Robinhood Chain posted the largest net outflow (≈$21M) among major L2s in the past 24h, while Arbitrum, Base, Polygon and Hyperliquid also bled funds back toward Ethereum mainnet (≈$46.5M net inflow).
Matters because: new yield products are still launching on newer L2s, but capital appears to be rotating back to Ethereum L1, so Pendle's deployment will be a key test for Robinhood Chain.