{"id":14573,"date":"2024-06-21T16:36:45","date_gmt":"2024-06-21T13:36:45","guid":{"rendered":"https:\/\/forklog.com\/en\/arbitrums-revenue-surges-16680-following-layerzeros-zro-launch\/"},"modified":"2024-06-21T16:36:45","modified_gmt":"2024-06-21T13:36:45","slug":"arbitrums-revenue-surges-16680-following-layerzeros-zro-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arbitrums-revenue-surges-16680-following-layerzeros-zro-launch\/","title":{"rendered":"Arbitrum’s Revenue Surges 16,680% Following LayerZero’s ZRO Launch"},"content":{"rendered":"

The launch of the ZRO token by the omnichain protocol LayerZero on June 20 triggered a surge in fees within the Arbitrum L2 network, propelling the blockchain’s daily revenue to a record $3.43 million.<\/p>\n

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Data: Dune<\/a>.<\/figcaption><\/figure>\n

Revenue exceeded the previous day’s figure by 16,680%.<\/p>\n

On June 20, the average network fee in Arbitrum spiked to $0.89. At the time of writing, it had returned to its usual level of around $0.005.<\/p>\n

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Data: Dune<\/a>.<\/figcaption><\/figure>\n

Upon launching ZRO, the LayerZero Foundation required eligible users to make mandatory donations of $0.1 in USDC, USDT, or ETH for claiming each governance token through the Proof-of-Donation mechanism. This decision, which sparked mixed reactions in the community, is believed to have led to the sharp increase in Arbitrum fees.<\/p>\n

The previous fee spike was recorded on December 15, 2023, when the blockchain’s daily revenue rose to $2.13 million. However, publishing data on Ethereum cost the L2 network $1.72 million, leaving a net profit of approximately $414,000.<\/p>\n

On June 20, Arbitrum’s base layer service costs barely exceeded $140,000, ensuring a record “profit” of $3.29 million.<\/p>\n

Airdrop or Token Sale?<\/h2>\n

During the token distribution that began on June 19, 85 million ZRO, or 8.5% of the total 1 billion ZRO supply, were allocated among 1.28 million eligible wallets.<\/p>\n

According to the project’s tokenomics, the community is ultimately entitled to 38.3%.<\/p>\n

\n

Introducing ZRO<\/p>\n

25% unlock Day 1 \u2013 8.5% at TGE. 11.0% for future Snapshots and RFPs. 5% to LayerZero Foundation. 0.5% to community members.<\/p>\n

Claims open on June 20 at 11:00 am UTC.<\/p>\n

?https:\/\/t.co\/UCYPPoIe26<\/a> pic.twitter.com\/tsdTR4xDC8<\/a><\/p>\n

\u2014 LayerZero Foundation (@LayerZero_Fndn) June 20, 2024<\/a><\/p><\/blockquote>\n