Bernstein Highlights Robinhood Chain’s DEX Surge as On-Chain Activity Accelerates

Robinhood’s blockchain network has quickly moved into the top ranks of decentralized exchange platforms, showing strong early traction for the company’s tokenized asset strategy, according to research from Bernstein.

In a Monday report, Bernstein said Robinhood Chain’s rapid adoption highlights growing demand for blockchain-based financial products and reinforces the firm’s expansion into tokenized securities and decentralized finance.

Since launching its public mainnet on July 1, Robinhood Chain has processed about $3.1 billion in DEX trading volume in just one week, ranking among the top five networks by decentralized exchange activity. The network has attracted more than 65,000 users, with participants holding roughly $13 million worth of tokenized stocks and around $300 million in stablecoins.

Analysts led by Gautam Chhugani said the strong start demonstrates the growing connection between real-world asset tokenization and the DeFi ecosystem. They noted that companies are increasingly developing new approaches to bring regulated financial products onto blockchain infrastructure.

Robinhood Chain is an Ethereum Layer 2 network built on Arbitrum technology, designed to support tokenized real-world assets, decentralized applications, and on-chain financial services. The platform serves as the foundation for Robinhood’s tokenized stock offerings, enabling 24/7 trading, self-custody, lending applications, and collateral-based financial use cases.

Bernstein said the blockchain expands Robinhood’s crypto ecosystem by combining tokenized equities, decentralized lending, and perpetual futures trading within an Ethereum scaling environment.

Although early activity has been supported by memecoin speculation, analysts expect Robinhood’s long-term focus to shift toward tokenized real-world assets such as stocks and commodities, as well as perpetual futures markets.

The report also highlighted Robinhood’s partnerships with key crypto infrastructure providers, including Uniswap, Morpho, Lighter, Chainlink, and BitGo. These integrations are expected to support liquidity growth and increase the usefulness of tokenized assets across the network.

The launch arrives as the real-world asset tokenization sector continues expanding rapidly. Bernstein noted that the market has surpassed $51 billion in value, representing approximately 50% growth this year, while tokenized equities have climbed nearly 170% to reach around $1.9 billion.

Bernstein maintained its positive outlook on Robinhood stock, keeping an outperform rating and a $130 price target. Shares were down slightly in early Monday trading, declining 0.6% to $111.35.