Dragonfly Partner Haseeb Qureshi Says Robinhood Chain Fee Cuts Reduced Revenue but Kept DEX Volume Strong

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.