Bernstein Forecasts Robinhood Chain Could Generate $160M Annual Fees By 2028

Bernstein analysts forecast that Robinhood’s blockchain network could generate as much as $160 million in annual fees by 2028, citing growing demand for tokenized stock trading on the Robinhood chain.

“expected to generate as much as $160 million in annual fees by 2028”

Cryptonews.net

The forecast is tied to a shift in the network’s trading mix, with tokenized stock pairs rising to about 27% of total trading volume while native memecoin pairs fell to 36% of network activity from 100% at launch on July 1.

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In a little more than two months since launch, the Robinhood chain has also been described as the leading blockchain network by daily fees, generating $2.13 million in the past 24 hours according to DefiLlama.

Bernstein attributed the demand for tokenized stocks to automated market-making pools on Uniswap that pair memecoins with stock tokens and create “reflexive demand” for both sides of those trading pairs.

The same Bernstein framing links the fee outlook to the network’s ability to scale trading activity across liquid markets as tokenized equities attract liquidity and paired trading flows.

Bernstein said the growing appetite for tokenized equities on the Robinhood chain is driven by automated market-making pools on Uniswap that pair memecoins with stock tokens and create “reflexive demand” for both sides.

The Cointelegraph report also tied that mechanism to the chain’s status as a daily-fee leader, noting it generated $2.13 million in the past 24 hours according to DefiLlama.C

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Separately, the Crypto Economy article said tokenized stocks surge on the network as SPY, Google, and Robinhood drive $7.1B in DEX volume, with three synthetic versions accounting for $7.1 billion over the past 90 days.

Crypto Economy further reported that Robinhood Chain ranked first on DefiLlama’s 24-hour chain-revenue table with $4.01 million and gross network fees reached $4.45 million.

Together, the sources present Bernstein’s Uniswap-linked “reflexive demand” explanation alongside on-chain fee and volume figures used to support the idea that tokenized trading is becoming a core driver of activity.

The fee-growth narrative is accompanied by public criticism of Robinhood’s blockchain-based equities, with Adam Aron, CEO of AMC Entertainment Holdings, saying the tokenized stocks providing economic exposure to AMC shares have no affiliation with the company.

“Aron called the offering “outrageous””

Cryptonews.net

In one account of the dispute, Aron called the offering “outrageous” and said that AMC will request an investigation from its outside securities counsel.

The Crypto Economy article also reported that Robinhood Chain halted block production with transactions frozen for at least 14 minutes, freezing transactions and representing roughly 8,400 missed blocks at its usual 0.1-second pace.

That operational disruption sits alongside the broader push for tokenized assets, which Bernstein’s forecast frames as a revenue story for Robinhood’s chain.

With Bernstein projecting up to $160 million in annual fees by 2028 while AMC’s CEO seeks an investigation over tokenized stock offerings, the sources leave the next phase of tokenized-equity expansion tied to both market demand and corporate/legal scrutiny.