Bernstein projects $160 million in annual fee revenue for Robinhood Chain by 2028

Bernstein analysts project that Robinhood Chain could generate $160 million in annual fee revenue by 2028, driven by rising demand for tokenized stock trading. Tokenized stocks now account for 27% of the chain's volume, while meme coin trading has dropped to 36% from its initial 100% share. Robinhood Chain has become a leading network by daily fees, generating $2.13 million in the last 24 hours. Bernstein raised its price target for Robinhood (HOOD) to $160.