Robinhood Blockchain on Track to Reach $160M Annual Fee Milestone

The Robinhood blockchain network is generating significant revenue from fees, according to analysts at Bernstein. By 2028, they forecast that annual fees will reach $160 million.

This growth is attributed to increasing demand for tokenized stock trading on the platform, which now accounts for about 27% of total trading volume. The analysts note that this shift is driven by automated market-making pools on Uniswap that pair memecoins with stock tokens and create 'reflexive demand' for both sides.

In just over two months since launch, the Robinhood chain has emerged as the leading blockchain network in terms of daily fees. It generated $2.13 million in the past 24 hours alone, according to DefiLlama data.