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first_img Robinhood Chain's daily gas fees surged 82 times in 11 days, surpassing all other chains

According to DeFiLlama data, the daily Gas fees of Robinhood's Ethereum Layer 2 network, Robinhood Chain, surged approximately 82 times within 11 days, surpassing all other blockchain networks to become the chain with the highest daily Gas fees. This network is built on the Arbitrum Orbit technology stack and has been live for only about two months.Data shows that the average daily Gas fees of Robinhood Chain climbed from about $56,000 on August 23 to approximately $3.75 million on September 1, continuously breaking historical records for several days. The fee surge is primarily driven by speculative trading of Meme coins, with the weekly trading volume on the on-chain DEX exceeding $1 billion at one point, where the token issuance platform Pons contributed the majority of the trading volume. As of September 1, the average transaction fee on this chain rose to $0.33, while Base was only about $0.0026 and Solana was about $0.013 during the same period.The high fees have also brought considerable revenue to Robinhood Chain. According to the protocol agreement, 10% of its net revenue must be allocated to the Arbitrum ecosystem, with 80% going to the Arbitrum DAO and 20% to the developer fund; in comparison, Arbitrum One's Gas fees on the same day were less than $15,000. The official Robinhood wallet still offers Gas subsidies for eligible transactions, which will continue until September 29.

first_img Solana fees hit a record high, SGP-0002 inflation reduction proposal approved

The revenue from fees priced in SOL on Solana reached a seven-day average of nearly 9,200 SOL on August 27, an increase of over 80% compared to three months ago; the non-voting transaction volume also set a new seven-day high of 191 million transactions, compared to only 88 million transactions a year ago. Jito validator tips averaged 2,073 SOL daily over the past week, a 26% increase week-on-week, directly reflecting the increase in on-chain activity.Meanwhile, the SGP-0002 "Dual Deflation" proposal passed last Friday with just over 67% support (the threshold was 66.67%), with a voting participation rate of 60.7%, covering 1,326 validators, setting a historical high for governance participation on the Solana chain. This proposal will double the annual deflation rate from 15% to 30%, expected to reduce the planned issuance by approximately 18.9 million SOL over six years.This means that the new SOL supply entering the market each year will decrease, and the rewards for validators completing the same amount of work will also decline. Staking rewards will drop from about 5.25% to 2.25% in the third year, which will squeeze validators that rely on inflation revenue rather than transaction fees, and many validators may face losses within three years. However, this impact will mainly affect small independent operators, and ordinary users are not expected to experience significant changes in the speed and costs of using the Solana network.
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