Bernstein Projects 31% Upside for Robinhood Following Strong Chain Performance

Bernstein (Bernstein) reported that Robinhood Chain generated $33 million in fees over 15 days, ranking first among all blockchains and surpassing Solana (SOL) and BNB Chain (BNB). Daily fees range from $2 million to $4 million, with Robinhood retaining approximately 90% of the revenue. The firm maintains an outperform rating with a target price of $160, citing growth in total value locked, which reached $1.5 billion, and a significant increase in stablecoin supply to $1 billion.