Solana and Robinhood Chain Co-founders Clash Over Fee Charges

Co-founders of Solana and Robinhood Chain engaged in a heated debate on X over fee charges and profit-sharing percentages.

The discussion started after a post from Solananew shared a chart showing Robinhood's transaction fees, which were estimated to be around $0.40, more than 100 times higher than those of Solana and Ethereum, both averaging around $0.003-$0.005 and roughly $0.18, $0.25 respectively.

Solana Co-founder Anatoly Yakovenko argued that Robinhood could have covered its transaction fees on Solana more than four times over if it had taken a 10% revenue share, allowing users to experience a gasless environment.

However, Offchain Labs co-founder Steven Goldfeder disagreed with Yakovenko's take, stating that Robinhood chose Arbitrum so it could be a 'landlord' and not just a tenant on another chain. He emphasized that most fees come from activity that never passes through Robinhood's front end.

The debate comes after Robinhood Chain faced a brief disruption on September 4th due to record volumes topping 11 million daily transactions, but the Arbitrum Orbit Layer 2 quickly restored full operations with no funds lost.