SHILL Issue 25

penny USD), and a goal to make
them cheaper over time. No one
would want to pay a even $1
transaction fee when tipping a
friend $0.50 in crypto for a good
social post, or perhaps paying
to share, or any other social
mechanic at scale with crypto
pretty much falls apart when you
look at high transaction fees.
This is likely one of the main
reasons Reddit cofounder Alexis
Alohan has picked Solana for his
web3 Social media $50 million
investment. That investment
was matched by Raj Gokal,
cofounder of Solana, via the
Solana Ventures fund, bringing
the investment in social web3
on Solana to an impressive
$100 million.
“Solana fees are $0.00025 per
transaction, but they fluctuate
over time. The fees are set by
the competition for block-space,
which increases when the traffic
on the blockchain increases.
Compared to Ethereum, Solana
has 60 thousand times lower
fees. This is because of the
SHILL Is1ue #25 19