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.
Solana activated a rent reduction on September 3rd, lowering on-chain account storage costs by about 90%. This change reduces the Lamports-per-byte requirement, allowing existing accounts to withdraw surplus SOL without closing. Approximately 3.08 mi...
The U.S. Securities and Exchange Commission (SEC) approved a Nasdaq Texas rule change that officially classifies Bitcoin, Ethereum, Solana, and XRP as digital commodities. This change allows more flexible management of crypto investment products on t...
The G7 Cyber Expert Group has called on financial institutions to start planning a coordinated transition to post-quantum cryptography to safeguard against future quantum computer threats. This shift is a long-term effort requiring extensive inventor...
President Donald Trump commented on "Solana coin," clarifying he does not manage or focus on it, referring instead to physical $1 Trump-branded tokens being sold as merchandise. This caused confusion as some thought he meant the Solana blockchain or ...
DeFi Development Corp., formerly Janover Inc., priced its CHAD preferred stock at $8 per share, raising $11 million to expand its Solana treasury. The preferred shares offer a 13% annual dividend paid daily and are perpetual and nonconvertible, givin...
