Robinhood Chain generates $33 million in 15 days; Bernstein sets a 31% upside target

According to Chaoxiang Research and a Bernstein report dated September 8, 2026, Robinhood Chain has rapidly become a revenue engine since its launch on July 1, generating approximately $33 million in fees over the past 15 days—ranking first among all blockchains, far surpassing Solana (~$11 million) and BNB Chain (~$9 million). Daily transaction fees on the chain range between $2 million and $4 million, with Robinhood retaining approximately 90% of the revenue. Bernstein maintains an “Outperform” rating with a price target of $160, implying approximately 31% upside from the current stock price. On-chain data shows a total value locked of approximately $1.5 billion and cumulative DEX trading volume exceeding $50 billion. The value of tokenized stocks has risen from about $10 million to $140 million; stablecoin supply has reached approximately $1 billion, a significant increase from $241 million at the beginning of July. Bernstein expects annual fee revenue on the chain to reach $160 million by 2028.