😱🚀🚀Important development in Arbitrum (ARB): How does it affect the price?
Due to #ZRO claims, Arbitrum's (#ARB ) revenue on June 20 was $3.38 million, the highest day ever.
The LayerZero airdrop increased the short duration of the number of messages sent over the cross-chain network as users claimed their ZROs. The airdrop was frequently discussed due to the anti-sybil used to determine the tokens and the $0.10d donation required to be made to the Protocol Guild to claim the token.
While the launch of the ZRO token appeared to help the LayerZero network recover from the decline in activity following the announcement that the airdrop was immediately aware of the leak, a different protocol was able to profit from it.
LayerZero and $ARB continue to be on the agenda
Arbitrum generated $3.38 million in revenue when ZRO airdrops began on June 20. This was the collection's highest grossing to date, a return in line with the network's typical thousands of launches from Dencun.
As a reminder, the revenue generated by Ethereum Layer 2s is the amount of fees paid on these networks. Many rollups have seen revenue decline post-Dencun as users pay lower fees, but profits have increased for many scaling solutions as the cost of publishing data on the Ethereum mainnet has dropped significantly.
The fact that Arbitrum is seeing such high fees is an indication that demand for Arbitrum block space is high, as users are willing to pay high fees to transact on the network.
Arbitrum is the coordination chain of the contract of the LayerZero token form. This meant that requests could be processed atomically in Arbitrum and that a cross-chain message had to be used on the LayerZero network to interrupt requests from other networks where requests could be made.
