Nina Rong, the Growth Executive Director of BNB Chain, commented on the debate between Arbitrum founder Steven Goldfeder and Solana co-founder Anatoly Yakovenko regarding the Robinhood Chain fee model: continuing to lower Gas fees is no longer the industry's top priority. What all public chains truly need to find is a sustainable business model that can support technology and growth, which could be through Gas, revenue sharing, or other business collaborations.

She summarized the public perception of the foundation over the past five years into two points: issuing grants for investments and lowering Gas fees. If blockchain companies want to continue for another five years, they must have a solid business structure. She has worked for about four years at Arbitrum Foundation and Offchain Labs and expressed respect for both debaters.

The debate itself is stuck between landlords and tenants. Goldfeder stated that Robinhood could retain about 90% of the gas fees under the Arbitrum framework, while if built on Solana, the underlying fees would go to validators, leaving brokers with nothing, forcing them to cover Gas fees for users out of their own pockets; choosing Arbitrum is to be a landlord rather than a tenant. Yakovenko believes that the 10% paid to Arbitrum is sufficient to cover approximately four times the transaction fees on Solana during the same period, and that applications should earn money on the front end, not rely on network congestion to raise prices; the peak Gas fee is about $0.4.

The Robinhood Chain launched on July 1, with peak daily fees in the millions of dollars, and cumulative fees exceeding tens of millions, with annualized discussions reaching over $100 million. 10% goes into the Arbitrum ecosystem, 8% into the DAO, and 2% into the developer guild. BNB Chain itself has previously lowered Gas fees to about 0.05 gwei, a reduction of over 90% compared to historical levels, and has now publicly announced its exit from the arms race of further reductions.

In terms of market mechanisms, buyers are application companies that need to build their own chains to retain transaction fees, while sellers can offer sorting and fee rights. Funds flow from user congestion premiums to brokerages, which then distribute 10% to middleware token holders. Beneficiaries are those who can sign revenue-sharing agreements; those under pressure are those who rely on lower Gas fees to attract applications but cannot retain congestion fees within the network. The event-driven narrative is that TradFi applications have already proven that transaction fees can exceed $100 million annually, shifting the narrative from throughput to revenue-sharing rights.

Additionally, Rong did not provide the revenue-sharing ratio for BNB Chain itself, nor did she explain how it settles with the Binance application layer.

Source: Public Information