Analyst Devin Ryan has raised his price target on Robinhood Markets (HOOD) to $165, projecting that Robinhood Chain will generate approximately $365 million in net revenue in 2027, roughly $1 million per day. This Ethereum Layer 2 chain, launched on July 1, 2026, has seen daily fees peak above $4 million on certain days, occasionally surpassing Solana’s revenue. By early September 2026, total value locked had crossed $400 million and annualized DEX volume hit $200 billion.
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