Citizens projects Robinhood Chain to generate $365M in revenue by 2027

Robinhood’s blockchain bet is starting to look less like a side project and more like a real business. Citizens analyst Devin Ryan has raised his price target on Robinhood Markets (HOOD) to $165 from $155, projecting that Robinhood Chain will generate roughly $365 million in net revenue in 2027. That works out to approximately $1 million per day in net revenue. For a chain that only launched on July 1, 2026, those are the kind of numbers that make Wall Street sit up straighter. How a brokerage app became a blockchain operator Robinhood Chain is an Ethereum Layer 2 solution, which means it processes transactions off Ethereum’s main network while still inheriting its security guarantees. The chain uses ETH for gas fees and was designed primarily around tokenized real-world assets, particularly Stock Tokens that allow for continuous trading outside traditional market hours. Memecoins and decentralized exchange trading volume have been the early growth engines. On certain days, Robinhood Chain’s daily fees have peaked above $4 million, occasionally surpassing the revenue generated by Solana. By early September 2026, Robinhood Chain had crossed $400 million in total value locked. Its an...