Important development in Arbitrum (ARB): How does it affect the price?

Due to ZRO allegations, Arbitrum's (ARB) revenue on June 20 was $3.38 million, the highest day to date.

The LayerZero airdrop briefly increased the number of messages sent on the cross-chain network as users claimed their ZROs. The airdrop was frequently discussed due to the anti-sybil used to determine allocations and the $0.10d donation required to be made to the Protocol Guild to claim each token.

While the launch of the ZRO token did not appear to help the LayerZero network recover from the drop in activity following the announcement that the airdrop snapshot had been taken, a different protocol was able to profit from it.

As a reminder, the revenue generated by Ethereum Layer 2s is the amount of fees paid on these networks. Many post-Dencun rollups have seen a decline in revenue as users pay lower fees, but earnings have increased for many scaling solutions as the cost of publishing data on the #Ethereum mainnet has dropped significantly.

The fact that #Arbitrum sees such high fees is an indication that the demand for Arbitrum block space is high, as users are willing to pay high fees to have their transactions processed on the network.

This makes sense, given that Arbitrum is the coordination chain for the LayerZero token demand contract. This meant that requests could be processed atomically in Arbitrum, while other networks to which requests could be made would have to use a cross-chain message on the LayerZero network to facilitate the request.
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