Robinhood Chain Expected to Generate $160M in Annual Fees by 2028

TL;DR

• Bernstein analysts project Robinhood Chain will generate $160 million in annual fees by 2028, driven by tokenized stock trading.
• Just two months after its launch, the network positioned itself as the leading blockchain by daily fees, reaching $2.13 million in the last 24 hours according to DefiLlama.
• AMC Entertainment CEO Adam Aron called Robinhood’s tokenized stock offering “outrageous” and announced a legal investigation.

The blockchain network of Robinhood could generate up to $160 million in annual fees by 2028, according to a report published by Bernstein analysts. This projection is based on the growing demand for tokenized stock trading within the network, which already accounts for approximately 27% of the total volume traded on the chain.

Since its launch on July 1, the composition of traffic on the network underwent a significant shift: memecoin pairs, which represented 100% of activity at the outset, retreated to 36% of total volume. Bernstein attributes this displacement to automated market-making pools on Uniswap, which combine memecoins with stock tokens and generate what analysts describe as “reflexive demand” on both sides of the pair.

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