To be fair, Solana co-founder Toly should count as one of

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--Bullish

To be fair, Solana co-founder Toly should count as one of the most dedicated founders in crypto.

A few months ago, he was fudding Hyperliquid with his left hand while fudding Lighter with his right hand—two-pronged approach;

This month, he fudged Aribtrum first, then fudged Robinhood right after, capitalizing on the momentum.

The result pushed HYPE and LIT to new highs on the fud front too—this time, I wonder if it’ll be different.

#Arbitrum $HYPE

yyy

It’s all Robinhood’s fault: Solana founder Toly and Arbitrum founder Steven are openly feuding on X.

First, some background: when Robinhood was in the product-planning stage, it evaluated @solana and @arbitrum, and ultimately chose Arbitrum, which could be deployed as an independent chain.

@toly mocked the 10% revenue share that RH Chain pays to Arbitrum, saying it could fully cover 4x Solana’s on-chain transaction fees. In other words, if RH Chain had been built on Solana from the start, user gas fees could have been reduced by an order of magnitude;

@sgoldfed’s rebuttal was equally sarcastic, saying that by building on Arbitrum, Robinhood could keep 90% of sequencer revenue; if it chose Solana, it would keep 0. He also said Robinhood chose to be a landlord rather than a tenant.

The real question is:
If Robinhood had chosen to be a tenant on Solana back then, would it have achieved what it has today?

#Arbitrum #solana $SOL

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

LIT-2.50%

HYPE-2.38%