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SOL/USDT.Binance (SOLUSDT.BIN) News
Express News | Solana's DEX trading volume exceeded $1.96 billion in the past 24 hours.
On September 6, according to DefiLlama data, Solana's DEX trading volume surpassed $1.96 billion over the past 24 hours, overtaking BNB Chain ($1.64 billion) and Robinhood Chain ($1.61 billion) to reclaim the top spot.
Express News | BNB Chain Director of Growth: Public blockchains need to find sustainable business models
On September 6, Nina Rong, Executive Director of Growth at BNB Chain, commented on the debate between Arbitrum founder Steven Goldfeder and Solana co-founder Toly regarding the Robinhood Chain fee model, emphasizing that further reducing gas fees is no longer the top priority for the blockchain industry. The true priority for all public blockchains today is to identify sustainable business models and reinvest revenues into technology and growth. Such business models may include gas fees, revenue sharing, or other forms of commercial collaboration. Over the past five years, blockchain foundations have largely been perceived as focusing on two activities: issuing grants and making investments, and lowering gas fees. To remain viable for the next five years, blockchain companies must establish robust business structures.
Express News | Arbitrum and Solana co-founders debate Robinhood's chain fee model and underlying network selection
On September 6, Arbitrum founder Steven Goldfeder and Solana co-founder Toly engaged in a debate over the fee model of Robinhood Chain. Toly stated that the 10% revenue share paid by Robinhood Chain to Arbitrum is sufficient to cover four times the on-chain transaction fees on Solana, implying that user gas fees could be significantly reduced if deployed on Solana. In response, Goldfeder noted that under the Arbitrum architecture, Robinhood can retain approximately 90% of gas revenues, explaining that the choice of Arbitrum was intended to "be the landlord, not the tenant." Toly countered that Robinhood could charge fees at the application front-end while utilizing a lower-cost underlying network; however, Goldfeder argued that a significant volume of on-chain activity does not pass through the Robinhood front-end, and as a mere "tenant" of the underlying network, Robinhood would be unable to capture revenue generated from these peripheral activities.
Express News | Golden Midday Report | Key Developments as of September 5
7:00-12:00 Keywords: Anthropic, BitMEX, Solana 1. Anthropic is expected to publicly file its IPO prospectus by the end of September; 2. BitMEX co-founder Ben Delo has donated approximately $10.8 million to the UK Reform Party; 3. Robinhood CEO: Tokenization will bring the advantages of U.S. capital markets to the global stage; 4. Solana co-founder: Robinhood can achieve a fully gas-free experience on Solana; 5. Tom Lee’s ETF significantly increased its holdings in MSTR over two weeks, making it the largest holding; 6. The New Jersey Attorney General has petitioned the U.S. Supreme Court to review whether Kalshi violates gambling laws; 7. Arbitrum clarified: The Robinhood Chain did not experience an outage yesterday; only batch publication delays occurred.
Express News | Solana Co-founder: Robinhood Can Offer a Fully Gas-Free Experience on Solana
On September 5, Anatoly Yakovenko (toly), co-founder of Solana, commented while reposting news that the average transaction fee on Robinhood Chain had risen to approximately $0.40. He stated that the 10% revenue share Robinhood pays to Arbitrum is already sufficient to cover four times the transaction costs required on Solana, thereby enabling a fully gas-free experience for users.
Weekly trading volume nears RMB 3 billion but retention stands at only 5%: Are tokenized stocks becoming a liquidity black hole on-chain?
The Grayscale report reveals that Robinhood, BNB, and Solana dominate tokenized stock trading, with weekly spot volumes approaching $3 billion. Despite rapid growth, only 5% of capital is allocated to on-chain finance, and the lack of regulatory oversight hinders their effectiveness as collateral.