Contention on Solana and Ethereum is very low right now, you can see it in REV, so it's apples to oranges.
But at this point in the cycle, if we can't scale a single sequencer server running out of the suburbs of Brooklyn, that's kinda bearish.
We need way more throughput.
Robinhood Chain's median fee is now nearly 2x the fee on Ethereum L1 and 128x the fee on Solana.
Congestion is expected when demand outpaces capacity on a new chain. But if fees keep rising at this rate, Robinhood Chain risks pricing out the users driving its growth.