Solana Co-founder Toly Fires Back at Arbitrum Co-founder: Single Sequencer Model Has Higher Costs
- Solana co-founder Toly responded to Arbitrum co-founder Steven Goldfeder's criticism about comparing transaction prices, arguing that Arbitrum currently has larger bid-ask spreads and higher fees.
- Toly claimed that Arbitrum's 10% fee reduction alone results in costs higher than sandwich transaction fees, and when accounting for worse spreads, overall costs are estimated to be about 10 times higher.
- Toly argued that a single sequencer model focused on maximizing shareholder interests cannot compete against permissionless market competition.
- Goldfeder had previously stated that Arbitrum One and Robinhood Chain actively prevent harmful MEV such as frontrunning, and that some low-fee chains actually impose higher MEV costs on retail investors through hidden fees.
Solana co-founder Toly has responded to recent criticism from Arbitrum co-founder Steven Goldfeder regarding transaction cost comparisons. Toly disputed Goldfeder's assertion that direct fee comparisons fall into a "narrative trap," instead arguing that Arbitrum currently exhibits larger bid-ask spreads and higher overall fees than claimed.
According to Toly's analysis, Arbitrum's 10% fee reduction alone results in costs exceeding typical sandwich transaction fees. When factoring in the platform's wider spreads, the total cost differential is estimated to be approximately 10 times higher than competing solutions. Toly contended that a business model centered on a single sequencer designed to maximize shareholder returns cannot ultimately withstand competition from permissionless market alternatives.
Goldfeder had previously countered that Arbitrum One and Robinhood Chain implement active protections against harmful MEV activities, particularly frontrunning. He suggested that while some blockchain platforms advertise low transaction fees, they may actually impose higher costs on retail investors through concealed MEV-related expenses such as sandwich attacks and frontrunning, which represent hidden fees not immediately apparent in advertised pricing.
Solana联创Toly再次回应Arbitrum联创：单一排序器模式成本更高
Solana联创Toly对Arbitrum联创Steven Goldfeder近期关于交易成本对比的批评进行了回应。Toly反驳了Goldfeder关于直接费用对比陷入"叙事陷阱"的主张，反而主张Arbitrum目前存在比声称更大的买卖价差和更高的总体费用。
根据Toly的分析，Arbitrum的10%费用削减本身就导致成本超过典型的三明治交易费率。考虑到该平台更宽的价差，总成本差异估计约为竞争方案的10倍。Toly主张，以单一排序器为中心、旨在最大化股东回报的商业模式最终无法抵御无许可市场竞争的冲击。
Goldfeder此前曾反驳称Arbitrum One和Robinhood Chain实施了针对有害MEV活动（特别是前置交易）的主动保护措施。他表示，虽然某些区块链平台宣传低交易费用，但实际上可能通过隐性的MEV相关费用（如三明治攻击和前置交易）对零售投资者造成更高成本，这些隐性费用在公布的价格中并不明显。