Bernstein Predicts Robinhood Chain's Annual Fee Revenue Will Reach $160 Million by 2028
Bernstein analysts predict that Robinhood Chain's annual fee revenue could reach $160 million by 2028, driven by demand for tokenized stock trading, which currently accounts for about 27% of the total on-chain trading volume. The share of native meme coin trading has dropped from 100% at the time of launch on July 1 to 36%. Bernstein noted that the automated market-making pools pairing meme coins with stock tokens on Uniswap have created a bidirectional "reflected demand." In just over two months since its launch, Robinhood Chain has become the leading public chain in daily fee revenue, generating $2.13 million in the past 24 hours. Last month, Bernstein raised its price target for Robinhood stock from $130 to $160.
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