Arbitrum's Revenue Skyrockets to $3.4 Million Following LayerZero Airdrop Surge

Arbitrum experienced a dramatic increase in daily revenue on Thursday, driven by a surge in transactions coinciding with the commencement of the LayerZero (ZRO) token airdrop.



According to Datawarlock, a prominent Dune Analytics dashboard focused on Arbitrum’s economic activity, the Ethereum layer-2 network recorded a modest daily revenue of $20,000 on Wednesday, June 19. However, this figure skyrocketed on June 20, as the LayerZero airdrop claim commenced, with Arbitrum registering a total revenue of $3.4 million. This surge was fueled by 3.7 million transactions, marking an increase of 1.2 million transactions from the previous day.



Austin Marrazza, Product Manager at Offchain Labs, noted the significant traffic generated by ZRO claimers, which resulted in Arbitrum DAO collecting over $3 million in congestion fees. "Arbitrum e


First found on: Cryptonews from Coinatory