Jun 21, 02:33 AM

Arbitrum Surges to 140 TPS, Collects $3.4M in Fees, Sets Record High Net Profit Amid LayerZero Airdrop

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.

#Arbitrum #LayerZero

Written with ChatGPT (GPT-4o).

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growthepie 🥧📏@growthepie_eth
2 years ago
Not bad! @arbitrum also collected $3.4M in fees in just 24hrs https://t.co/ZpSV9piSZ2 https://t.co/zLyq2rjwfr
ICO Drops@ICODrops
2 years ago
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
Wu Blockchain@WuBlockchain
2 years ago
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…

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Arbitrum Surges to 140 TPS, Collects $3.4M in Fees, Sets Record High Net Profit Amid LayerZero Airdrop

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