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

Bernstein analysts forecast that Robinhood Chain could generate $160 million in annual fee revenue by 2028, driven by demand for tokenized stock trading. Tokenized stocks currently account for approximately 27% of total on-chain volume, while the share of native meme coin trading has declined to 36%. The chain has become a leader in daily fee revenue, recording $2.13 million in the last 24 hours. Consequently, Bernstein raised its price target for Robinhood stock to $160.