Dragonfly partner Haseeb Qureshi said Robinhood’s decision to raise Robinhood Chain’s gas limit and lower user fees sharply reduced on-chain revenue, while DEX trading volume remained strong and was second only to Solana.

According to Odaily, Qureshi said the move was intentional rather than a mistake. He said Robinhood appears to value expanding on-chain capacity, bringing more tokenized assets onchain, and increasing blockchain economic activity over maximizing short-term ordering revenue. He added that achieving those goals requires larger network capacity and lower transaction fees.