Solana Co-Founder Slams Robinhood Chain Fees as Arbitrum Defenders Push for Proprietary Networks

A public debate has emerged between Anatoly Yakovenko, co-founder of Solana, and Steven Goldfeder, co-founder of Offchain Labs, which developed Arbitrum. The controversy revolves around the fee structure of Robinhood's chain, built on Arbitrum technology.

Yakovenko criticized the high fees on the Robinhood chain, stating that its average transaction fee has risen to about $0.4, approximately 100 times higher than Solana's average transaction fee. He also questioned the revenue distribution model, which returns 10% of the protocol's net revenue to the Arbitrum ecosystem.

Goldefeder countered by arguing that if Robinhood operated its own chain based on Arbitrum, it could secure most of the economic profits generated on the network after revenue distribution. He likened this situation to real estate, stating 'Robinhood chose Arbitrum to become a landlord, not a tenant.'