Solana co-founder Anatoly Yakovenko criticized Robinhood Chain's average transaction fee of $0.40, calling it 'brain dead' and arguing that the brokerage profits from network congestion rather than transparent user charges. Robinhood Chain, which runs on Arbitrum technology and settles on Ethereum, has seen fees rise due to heavy usage, reaching $4.22 million in daily fees over 10.4 million transactions. Yakovenko pointed out that Solana processes similar transactions for less than a cent, and that the 10% revenue share Robinhood pays to Arbitrum could cover Solana's fees four times over, suggesting Robinhood could offer a gasless user experience. The debate highlights concerns over who ultimately bears the cost of blockchain congestion and fees.
On October 21, altcoin spot ETFs experienced net inflows with XRP, Solana (SOL), Zcash (ZEC), and NEAR leading the gains. XRP spot ETFs attracted $708,515, reversing two sessions without flows, while Solana ETFs ended a 12-session outflow streak with...
GSR updated its Core3 model portfolio by reducing Bitcoin allocation by 2.5 percentage points to 40.5% and increasing Solana to 23.5%, while Ether remained steady at 36%. Over the past week, Bitcoin rose 1.4%, Ether 0.7%, and Solana 2.1%, though all ...
GMX's new proposal would use Solana protocol revenue remaining after GT token buybacks to fund GMX token buybacks, adding those tokens to staking rewards. Meanwhile, stakers on Arbitrum and Avalanche would face a 180-day withdrawal waiting period sta...
Bitcoin increased by 2.9% to $83,802, with other major cryptocurrencies like XRP, Dogecoin, Ether, Solana, and BNB also posting gains. XRP led the top six assets with a 5.03% rise, while the total crypto market capitalization slightly decreased by 0....
Polymarket's Solana market now estimates a 70% probability that Solana's token will reach $110 by the end of the month, up 16 percentage points in 24 hours. This optimism coincides with Solana's upcoming Alpenglow upgrade, scheduled for October 21, w...
