Arbitrum

Spike

LayerZero

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    <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>This event set a record day for Arbitrum rollups, totaling $3.43 million in revenue and $3.29 million in net profit.</strong></h4> 
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      <p>The LayerZero airdrop caused a surge in transactions as users rushed to claim tokens.</p> 
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<h5><strong>Spike in Transactions Due to LayerZero Airdrop</strong></h5> 
<p>Consequently, the median gas fee on Arbitrum skyrocketed to nearly 35 gwei during this period. This highlighted the strain on the network and the heightened demand for transaction processing. The mandatory donations associated with the LayerZero airdrop significantly impacted Arbitrum’s operations on June 20.</p> 
<p>As users joined the airdrop, <a href="https://arbitrum.io/rollup" target="_blank" rel="noopener">Arbitrum’s rollup</a> surged in transaction volumes. This increased activity translated into substantial revenue generation for the network, reaching $3.43 million in a single day. Moreover, after accounting for operational costs, Arbitrum achieved a remarkable net profit of $3.29 million, setting a new benchmark for daily earnings within the rollup ecosystem.</p> 
<p><img decoding="async" class="wp-image-143733 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfgghfhg-300x140.png" alt="" width="651" height="304" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfgghfhg-300x140.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfgghfhg-768x357.png 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfgghfhg-903x420.png 903w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfgghfhg-696x324.png 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfgghfhg.png 976w" sizes="(max-width: 651px) 100vw, 651px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://dune.com/datawarlock/arbitrum-economics" target="_blank" rel="noopener">Dune</a></strong></h6> 
<p>The LayerZero airdrop’s opening marked a pivotal moment for Arbitrum, as it underscored the platform’s scalability challenges and its capability to handle large-scale transaction volumes under pressure.</p> 
<h5><strong>More About LayerZero’s Airdrop on Arbitrum</strong></h5> 
<p>Despite the congestion and higher <a href="https://www.altcoinbuzz.io/?s=gas+fees" target="_blank" rel="noopener">gas fees</a> experienced during the airdrop period, Arbitrum demonstrated resilience in processing transactions efficiently within its rollup framework. The revenue surge reflects growing adoption and economic incentives in layer 2 dApps and token distributions.</p> 
<p><img decoding="async" class="wp-image-143734 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcbvcnbvfdgfss-300x126.png" alt="" width="667" height="280" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcbvcnbvfdgfss-300x126.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcbvcnbvfdgfss-768x323.png 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcbvcnbvfdgfss-696x293.png 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcbvcnbvfdgfss.png 975w" sizes="(max-width: 667px) 100vw, 667px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://dune.com/hildobby/gas?Blockchain_e6dda0=Arbitrum+One" target="_blank" rel="noopener">Dune</a></strong></h6> 
<p>Looking ahead, the success of Arbitrum’s revenue and profit metrics on June 20 highlights the platform’s role in facilitating scalable and cost-effective transactions for Ethereum users. As layer 2 solutions continue to evolve and integrate with the <a href="https://www.altcoinbuzz.io/?s=Ethereum+ecosystem" target="_blank" rel="noopener">Ethereum ecosystem</a>, managing network congestion and optimizing transaction costs will remain critical challenges.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/arbitrums-record-revenue-during-layerzero-airdrop/">Arbitrum’s Record Revenue During LayerZero Airdrop</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Arbitrum’s Record Revenue During LayerZero Airdrop

Altcoin Buzz

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