Solana Co-Founder Slams Robinhood Chain Fees, Calls Congestion Profits ‘Brain Dead'
Solana co-founder Anatoly Yakovenko has criticized Robinhood Chain fees, arguing that the brokerage profits from network congestion rather than charging users openly within its own app.
Robinhood Chain transaction fees now average roughly $0.40. Yakovenko says Solana handles the same work for a fraction of a cent.
Why Robinhood Chain Fees Keep Climbing
Robinhood Chain went live on mainnet on July 1, 2026. The network runs on Arbitrum technology, settles to Ethereum, and uses Ether (ETH) for gas.
Usage has climbed hard since. Robinhood Chain fees reached $4.22 million in one day against roughly 10.4 million transactions, data shows. That lands near $0.40 each.
Median costs point the same way. Currently, the network ranks first among 27 chains at $0.24, ahead of every rival. Congestion sets that price, not a posted rate.
Growth explains part of the pressure. Grayscale recently named Robinhood Chain among the three leading venues for tokenized stock trading, alongside BNB Chain and Solana.
Meanwhile, Solana charges a base fee of 5,000 lamports per signature. Lamports are Solana's smallest unit, and 1 SOL equals 1 billion lamports.
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