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Arbitrum's Revenue Hits Record $3.43M, Net Profit $3.29M Amid LayerZero Airdrop

Jun 21, 2024, 09:57 AM

Arbitrum's daily revenue surged to a record $3.43 million on June 20, driven by the mandatory donations for the LayerZero airdrop. This significant increase in transactions led to network congestion and higher gas fees. As a result, Arbitrum's net profit reached $3.29 million, marking a new high for a single day. The revenue spike represents a dramatic increase from just $20,000 the previous day, highlighting the impact of the LayerZero token claims on the network's financial performance. The daily revenue increased by over 16,000%.