📰 Robinhood Chain has been online for two months, and cumulative fee revenue has reached $37.56 million. Under the protocol, 10% of that is returned to the Arbitrum ecosystem, about $3.75 million, which is already close to Arbitrum’s own fee revenue of about $3.87 million so far this year.
🔥 This “rent collection” is indeed impressive, but the money does not directly go into the hands of ARB holders. Of the share, 8% goes to the Arbitrum DAO treasury and 2% flows to the developer organization; there is currently no token buyback or burn arrangement.
To be honest, what the market is excited about is the revenue imagination, but in reality there is still unlock pressure. On September 16, about 92.65 million ARB are expected to be released, accounting for about 1.59% of total supply, and the subsequent unlock cycle will continue until March 2027.
👀 What’s even more interesting is that the two co-founders started arguing directly. Robinhood Chain’s transaction fee once reached about $0.4 per transaction, more than 100 times higher than Solana’s at the same time. Solana co-founder Toly believes applications should charge at the front end rather than drive up on-chain costs.
💡 Arbitrum co-founder Steven’s response was also very direct: Robinhood can keep 90% of gas revenue on its own chain and controls the sequencer; being the “landlord” is more cost-effective than being a “tenant” on Solana.
🤔 If revenue keeps growing but ARB is never bought back, would you count this “rent” toward ARB’s long-term value?
#Arbitrum #ARB #RobinhoodChain #public-chain-battle
🔥 This “rent collection” is indeed impressive, but the money does not directly go into the hands of ARB holders. Of the share, 8% goes to the Arbitrum DAO treasury and 2% flows to the developer organization; there is currently no token buyback or burn arrangement.
To be honest, what the market is excited about is the revenue imagination, but in reality there is still unlock pressure. On September 16, about 92.65 million ARB are expected to be released, accounting for about 1.59% of total supply, and the subsequent unlock cycle will continue until March 2027.
👀 What’s even more interesting is that the two co-founders started arguing directly. Robinhood Chain’s transaction fee once reached about $0.4 per transaction, more than 100 times higher than Solana’s at the same time. Solana co-founder Toly believes applications should charge at the front end rather than drive up on-chain costs.
💡 Arbitrum co-founder Steven’s response was also very direct: Robinhood can keep 90% of gas revenue on its own chain and controls the sequencer; being the “landlord” is more cost-effective than being a “tenant” on Solana.
🤔 If revenue keeps growing but ARB is never bought back, would you count this “rent” toward ARB’s long-term value?
#Arbitrum #ARB #RobinhoodChain #public-chain-battle
