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

Solana co-founder Anatoly Yakovenko recently called out Robinhood Chain's fee model, labeling it 'brain dead.'

The issue lies in how Robinhood Chain collects revenue. The chain returns 10% of its net protocol revenue to the Arbitrum Expansion Program, with 8% going to the ArbitrumDAO treasury and 2% to the Arbitrum Developer Guild.

This model has led to high fees for users on Robinhood Chain, reaching as high as $0.40 per transaction. In contrast, Solana's base fee is well under a cent, making it a more attractive option for users.

Yakovenko argues that if Robinhood wants to make money from trading, it should do so within the app rather than charging congestion fees on the underlying network. He also points out that 10% revenue share alone would have covered Solana transaction fees four times over, allowing users a gas-free experience.