Robinhood Blockchain Fees Projected to Reach $160M Annually by 2028

The Robinhood blockchain network is expected to generate $160 million in annual fees by 2028, according to Bernstein analysts. This prediction comes as the platform's tokenized stock trading grows, accounting for around 27% of the chain's total trading volume. The growth in demand for tokenized stocks on the Robinhood chain is driven by automated market-making pools on Uniswap that pair memecoins with stock tokens and create 'reflexive demand' for both sides.

The Robinhood chain has emerged as the leading blockchain network by daily fees, generating $2.13 million in the past 24 hours, according to DefiLlama. This is a significant development, especially considering that native memecoin pairs trading decreased to 36% of network activity, down from 100% at launch on July 1.

Robinhood's blockchain-based equities recently drew criticism from Adam Aron, CEO of AMC Entertainment Holdings, who called the offering 'outrageous' and said that AMC will request an investigation from its outside securities counsel. However, Bernstein maintained its Outperform rating for Robinhood stock (HOOD), raising its price target to $160 from $130 per share.