Solana Co-Founder Slams Robinhood Chain Fee Model as 'Brain Dead'

Solana co-founder Anatoly Yakovenko has publicly criticized the fee model behind Robinhood Chain, stating that it's 'brain dead' for the brokerage to earn revenue from network congestion. The average transaction cost on Robinhood Chain recently climbed to about $0.40.

Yakovenko argued that a frontend brokerage should charge users a spread inside its own application rather than profit from base-layer gas that rises with each wallet on the network when blocks are full.

Robinhood may redesign its fee structure, shifting revenue to in-app spreads if Yakovenko's critique gains traction. Solana could pursue partnership offers, positioning its low-cost network as an alternative to Robinhood Chain.