Robinhood Tokenized-Stock Chain Faces Fee Test After Sept 29
Robinhood's tokenized-stock chain has attracted $146 million in tradeable stocks, just weeks before its free-gas promotion is set to expire on September 29. The key question is how activity changes once users begin paying transaction fees that Robinhood had covered following the chain’s July 1 launch.
An analyst predicts some network activity will likely evaporate when the free ride ends. However, recovery within a few months could be seen as a bullish sign for retention rather than an effect of the subsidy alone.
Rights to tokenized stocks on Robinhood Chain have grown quickly against established networks, with Robinhood and BNB Chain together handling about 88.2% of tokenized-stock trading on decentralized exchanges in early September, up from 2.3% in June.