Robinhood Blockchain on Track to Earn Up to $160M in Fees by 2028

Analysts at Bernstein predict that Robinhood's blockchain network could generate up to $160 million in annual fees by 2028, driven by increasing adoption of tokenized stock trading.

The mix of trading activity on the network has shifted quickly since its launch on July 1, with tokenized stock pairs now accounting for around 27% of total trading volume, while native memecoin pairs have fallen to 36% from their initial 100% dominance.

According to DefiLlama's fees by chain data, the Robinhood network has already reached top daily-fee status, with $2.13 million in fees generated over the past 24 hours.