Robinhood chain to generate $160M in annual fees by 2028: Bernstein
Bernstein estimates Robinhood’s blockchain network could produce up to $160 million in annual fees by 2028, driven mainly by rising demand for tokenized stock trading. Tokenized stocks now account for about 27% of network trading volume, while native memecoin-pair trading has fallen to 36% from 100% at launch. Bernstein says Uniswap automated market-making pools that link memecoins and stock tokens are creating “reflexive demand” for both. The Robinhood chain has quickly become the top blockchain by daily fees, generating about $2.13 million in the last 24 hours. Bernstein also raised its HOOD price target to $160 and kept an Outperform rating, citing growth in prediction markets and tokenized equities. Meanwhile, AMC CEO Adam Aron criticized Robinhood’s AMC-linked tokenized stock offering and said AMC will seek an investigation.
