Bernstein analysts predict that Robinhood’s blockchain chain will generate $160 million in annual fees by 2028, driven by growing demand for tokenized stock trading. These tokenized stocks now account for 27% of total trading volume on the network, compared to 100% for memecoin pairs at launch on July 1. The Robinhood chain dominates the ranking of blockchain networks by daily fees, having generated $2.13 million in the past 24 hours according to DefiLlama. Bernstein also raised its price target on Robinhood (HOOD) stock to $160 from $130, maintaining its Outperform rating. However, AMC Entertainment Holdings CEO Adam Aron strongly criticized the offering of tokens representing its shares, calling it « outrageous » and stating that AMC will request an investigation from its securities counsel.
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