Robinhood Chain Fees to Hit $160M by 2028: Bernstein — SkimNews
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- Bernstein forecasts the Robinhood chain will generate $160 million in annual fees by 2028, driven by growing demand for tokenized stock trading on the network.
- Tokenized stock trading grew to about 27% of the Robinhood chain's total trading volume, while native memecoin pairs fell to 36% from 100% at the chain's July 1 launch.
- Bernstein credited automated market-making pools on Uniswap that pair memecoins with stock tokens with creating "reflexive demand" for both asset types.
- The Robinhood chain became the leading blockchain network by daily fees, generating $2.13 million in the past 24 hours according to DefiLlama.
- Bernstein raised its HOOD price target to $160 from $130 on July 20, maintaining its Outperform rating.
- AMC CEO Adam Aron called Robinhood's tokenized AMC shares "outrageous," said they have no affiliation with his company, and announced plans to request an investigation from outside securities counsel.
Why it matters: The Robinhood chain's pivot from a memecoin-dominated launch to becoming the top fee-generating blockchain network anchors Bernstein's $160M forecast in real volume — but AMC's formal complaint about unaffiliated tokenized shares shows the regulatory ceiling on this tokenization thesis is closer than the bullish framing suggests.
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