Robinhood Chain surges into top five by DEX volume: Bernstein

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The new blockchain broadens the company's crypto offering by combining tokenized equities, decentralized lending and perpetual futures on an Arbitrum-based Ethereum layer-2 network, the analysts said. While early trading has been driven by memecoins, the broker expects Robinhood to increasingly focus on tokenized real-world assets, including stocks and commodities, alongside perpetual futures. The report also highlighted Robinhood's integrations with partners including Uniswap, Morpho, Lighter, Chainlink and BitGo as key to building liquidity and expanding the utility of tokenized assets. The launch comes as tokenized real-world assets continue to outperform the broader crypto market. The sector has grown to more than $51 billion, up about 50% year to date, while tokenized equities have expanded roughly 170% this year to $1.9 billion, underscoring growing investor interest in regulated asset tokenization, the report added. Bernstein has an outperform rating on Robinhood stock with a $130 price target. The shares were 0.6% lower in early trading Monday, at $111.35.

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According to a Bernstein report, Robinhood Chain has entered the top 5 in decentralized exchange (DEX) trading volume, rapidly expanding its market share. This suggests that Robinhood's ecosystem has secured significant influence in the cryptocurrency market. Investors should closely monitor the pace at which its user base shifts toward on-chain activities and the resulting improvements in profitability.

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