Figure 2 — Yodacom Research · LPIS Series · 2026-06-15
Chain Economics: Why Ethereum Mainnet LP Is Dead at Retail Scale
Full LP-cycle annual gas cost · 1 entry + 24 fee collects + 3 repositions + 1 exit · Post-Dencun upgrade (March 2024) current rates
Recommended
Arbitrum
Uniswap v3 · EVM · Post-Dencun
$7.12
Annual gas / full cycle
Min capital (gas <5%) $949
Recommended min $2,000 LP
Gas drag at $2k deployed 0.47%/yr
B-tier RXI-gated net APY +15.2% [CI: +14.3–16.1%] (sim.)
vs. HODL +15.7% −0.4pp
Go — Primary Chain
Second Choice
Solana
Orca CLMM / Raydium · SOL-native
$0.04
Annual gas / full cycle
Min capital (gas <5%) $6
Recommended min ~$500 LP
Gas drag at $500 deployed <0.01%/yr
B-tier RXI-gated net APY +15.8% [CI: +14.9–16.7%] (sim.)
vs. HODL +15.7% +0.1pp (within CI)
Viable — Separate Integration
Excluded — Retail
Ethereum
Uniswap v3 Mainnet · EVM
$1,047
Annual gas / full cycle
Min capital (gas <5%) $139,600
Practical minimum $25,000+ LP
Gas drag at $25k deployed 6.3%/yr
A-tier RXI-gated net APY −2.4%
B-tier at $25k +9.8% (vs +15.7% HODL)
No-Go — Below $25k Deployed
Per-operation gas cost breakdown (USD, current rates)
Operation Ethereum Arbitrum Solana
Mint / open position (×1) $55.00 $0.45 $0.003
Collect fees (×24/year) $672.00 $4.32 $0.024
Reposition close+open (×3/year) $285.00 $2.10 $0.015
Exit / remove liquidity (×1) $35.00 $0.25 $0.002
ANNUAL TOTAL $1,047.00 $7.12 $0.044
Gas cost ratio — Arbitrum is 147x cheaper than mainnet; Solana is 26,000x cheaper (log scale)
Ethereum
$1,047.00
Arbitrum
$7.12
Solana
$0.04
Bars scaled logarithmically. Linear scale would make Arbitrum and Solana bars invisible at this range.
Gas cost disclosure: All figures use post-Dencun upgrade (March 2024) current rates as of 2026-06-15. Gas estimates based on standard Uniswap v3 operations: 1 position open, 24 monthly fee collections, 3 repositions, 1 exit. Actual gas costs vary with network congestion. Ethereum Merge (September 2022) changed consensus mechanism but did not reduce mainnet gas costs; reduction came from EIP-4844 (Dencun, March 2024) which lowered L2 blob costs. Solana applies different pool mechanics (Orca Whirlpools / Raydium CLMM); CLMM IL formula is directionally equivalent. Net APY figures from 5,000-iteration Monte Carlo simulation, RES-LPIS-EMPIRICAL-01.