A record $3.43 million was added to the blockchain's daily revenue following the June 20 launch of the ZRO token of the LayerZero omnichain protocol, which caused an increase in commissions on the Arbitrum L2 network.



A whopping 16,680% more revenue was generated than the day before.



As of June 20th, Arbitrum's average network fees were $0.89. The value has settled back down to its usual range of about $0.005 as of this writing.



In order to distribute each governance token using the Proof-of-Donation mechanism, the LayerZero Foundation asked eligible users to donate $0.1 in USDC, USDT, or ETH when ZRO was launched. A dramatic rise in commissions at Arbitrum was purportedly the result of the decision, which sparked community outrage.


$ZRO