Arbitrum experienced a significant surge in usage due to the LayerZero airdrop, with over 165,000 claims processed in 2.5 hours, resulting in a transaction rate of 140 transactions per second (TPS). This activity generated substantial revenue for the network, with Arbitrum collecting approximately $3.4 million in fees in a single day. The congestion caused by the airdrop led to increased gas fees, contributing to a record high net profit of $3.29 million. Despite the high transaction rate, it did not surpass Arbitrum's all-time high of over 500 TPS. Arbitrum continued to process over 50 transactions per second, raising speculation about a new daily average TPS record, surpassing the previous record of 59 TPS set in December.
Not bad! @arbitrum also collected $3.4M in fees in just 24hrs https://t.co/ZpSV9piSZ2 https://t.co/zLyq2rjwfr
Due to forced donation for $ZRO airdrop claiming, @arbitrum's transaction revenue exceeded ~$3.4M for the day https://t.co/WmpPML3cKe https://t.co/dOsHHBR1Qv
Due to the mandatory donations for the LayerZero airdrop, which caused Arbitrum congestion and pushed up the network gas fee, on June 20, Arbitrum rollup revenue reached $3.43 million and net profit was $3.29 million, setting a record high for a single day. After the LayerZero…
Arbitrum's still chugging along at over 50 transactions/second cause of the LayerZero airdrop Wonder if we're gonna hit a new daily avg TPS record? (Last record was an avg of ~59 TPS back in December) https://t.co/CEy8gp4ea4
One of the biggest winners from the @LayerZero_Labs airdrop — @arbitrum DAO raked in $3m in congestion fees from claiming traffic today https://t.co/em8rFQR6z8
Did you know every ZRO claim creates a transaction on @arbitrum? With over 165,000 claims so far (in 2.5 hours!), Arbitrum One usage surged to 140 TPS effortlessly. Though this is no where near the ATHs of over 500 TPS 🤯 https://t.co/iNSnWrrw3u