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In this fireside chat, Steven Goldfeder, Co-founder of Offchain Labs, discusses the evolution and impact of Arbitrum and the Offchain Labs ecosystem, focusing on Robinhood’s decision to build on Arbitrum. He details the multi-year partnership process, emphasizing Arbitrum’s strengths: deep Ethereum integration, mature DeFi ecosystem, Orbit stack customizability, and Stylus, which enables smart contract development in languages like Rust and C++. Goldfeder highlights the advantages for enterprises launching their own L2 chains, such as control, revenue opportunities, and seamless user migration. He addresses industry challenges like fragmentation and interoperability, stressing that user experience (UX) and wallet-level abstraction are more crucial than deep technical research. The acquisition of ZeroDev is positioned as a move to improve UX and cross-chain functionality. Goldfeder critiques new L1s for stablecoins, advocating for Ethereum L2s due to security, decentralization, and financial efficiency. He concludes with optimism about institutional adoption and the future of blockchain usability. 00:00 Introduction 00:10 Robinhood’s Arbitrum Partnership: Origins and Rationale 03:39 Arbitrum’s Unique Features: Orbit Stack & Stylus 04:54 Why Enterprises Launch Their Own Chains 06:39 Other Institutional Partnerships & Adoption Timeline 09:24 Remaining Technical Challenges & Industry Bottlenecks 10:34 Fragmentation, Interoperability, and UX Focus 12:02 Fast Withdrawals, ZeroDev Acquisition, and Chain Abstraction 15:17 Integration of ZeroDev and Offchain Labs’ Strategy 16:48 New L1s for Stablecoins: Critique and L2 Advantages 20:04 Personal Reflections & Institutional Adoption 21:40 Robinhood UX, Blockchain Abstraction, and Future Outlook 22:26 Closing Remarks _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇺🇸 Pragma New York Pragma New York 2025 was held on August 14th at Vesper Events in Brooklyn, New York and was an in-person summit for builders and leaders in the web3 ecosystem. Watch the full Pragma New York YouTube Playlist here: • Pragma New York 2025 ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow Steven Goldfeder X: https://x.com/sgoldfed ✅ Follow Offchain Labs X: https://x.com/OffchainLabs ✅ Follow Kartik Talwar X: https://x.com/TheRealKartik ✅ Follow ETHGlobal X: https://x.com/ETHGlobal Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: / @ethglobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _