Bernstein Sees 31% Robinhood Upside as Chain Fees Surge

Robinhood Markets launched Robinhood Chain on July 1, 2026, positioning the Ethereum layer-2 network as infrastructure for tokenized stocks and other real-world assets. Built with Arbitrum Orbit and settled on Ethereum, the chain gives the retail broker a direct route for moving customers and financial products onchain. Its rapid take-up also shows how speculative memecoin activity can supply liquidity and traffic before tokenized securities reach broader scale.

Data cited on Aug. 31 showed Robinhood Chain generated $495,477 in chain revenue over the previous day, versus $71,703 for Base and $25,746 for Ethereum. Its 30-day revenue reached $3.13 million, ahead of Base’s $2.89 million and Ethereum’s $2.47 million. Applications on the network earned $1.84 million in 24 hours, while total value locked rose to $727.15 million and decentralized-exchange volume hit $1.19 billion.

Robinhood is expanding beyond crypto brokerage into blockchain infrastructure, aiming to capture fees from onchain trading, tokenized assets and other financial activity. Robinhood Chain uses Arbitrum technology, tying the network’s growth to the broader Arbitrum ecosystem and giving investors a clearer revenue-based case for ARB, the ecosystem’s native token, as the digital broker seeks to turn its customer reach into recurring protocol income.

Robinhood Chain recorded $568 million in decentralized-exchange volume during the latest reported 24-hour period, according to reports citing Bernstein, placing it among the five largest networks by DEX activity. The surge helped drive ARB up 19% in a single day. Robinhood could generate substantial fee revenue if trading remains elevated, while 10% of the chain’s net protocol revenue is set to flow back to the Arbitrum ecosystem.