Barclays raised Robinhood's price target to $122 and Morgan Stanley to $124, citing Robinhood Chain's record $563.9M daily DEX volume and DeFi expansion.

Robinhood Chain is seeing a sharp rise in trading, with daily DEX volume topping $560 million and nearly 16,000 new tokens created daily.

Barclays raised Robinhood's price target to $122 and Morgan Stanley to $124, citing Robinhood Chain's record $563.9M daily DEX volume and DeFi expansion.

Robinhood Chain hit $3.1B in weekly DEX volume and 65K users since its July 1 launch, as the Layer 2 eyes tokenized markets, Bernstein said.