Solana Co-Founder Criticizes Robinhood Chain's Fees Amid Public Dispute

Co-founders of Solana and Arbitrum have publicly disagreed over Robinhood Chain's fee economics. Anatoly Yakovenko, co-founder of Solana, criticized the $0.40 per-transaction cost on Robinhood Chain, comparing it to fees on Solana.

The average transaction cost on Robinhood Chain reached $0.40, more than 100 times higher than Solana and over twice as high as Ethereum. Yakovenko suggested that Robinhood Chain could make transactions free by passing costs on to users at the app level or using cheaper underlying infrastructure.

However, Steven Goldfeder, co-founder of Offchain Labs, rejected this argument, saying that Robinhood Chain's revenue-sharing model would cover fees on Solana four times over. He also pointed out that Robinhood Chain keeps 90% of gas fees on Arbitrum, whereas it would retain 0% if it were using Solana.

As a result of the dispute, Martin Koeppelmann, co-founder of Gnosis, noted that Robinhood Chain is effectively making money from its activities and could not only provide services for free but also generate revenue from them.