Breaking Crypto News – How Does LayerZero’s ZRO Launch Impact Arbitrum Daily Revenue?

Breaking Crypto News – Unveiling the Secrets Behind Arbitrum Daily Revenue Surge

Breaking Crypto News – After LayerZero’s token launch on June 20, there was a sharp increase in fees on Arbitrum, which resulted in a record $3.43 million in daily revenue for the blockchain—a 16,680% increase from the day before.

The ZRO token was introduced by LayerZero on Thursday, but its mandatory “donation” mechanism, which costs claimants a modest sum of money for each token in order to obtain their allocation, drew criticism. The average gas fee on the blockchain increased as a result of these dynamics, from less than one penny to 89 cents. According to Dune Analytics statistics, this caused company profits to rise to $3.29 million on the same day, another record high for the network.

LayerZero Says Launch Is Not an Airdrop

ZRO token claimants are required by LayerZero to make a small financial donation for each token. It further stated that the donation supports Ethereum developers by going to the Protocol Guild.

To claim ZRO, users must donate $0.10 in USDC, USDT, or native ETH per ZRO,

LayerZero

Since many recipients have little to no long-term interest in the project, LayerZero has maintained that their token launch is not an airdrop and that airdrops are incompatible with the objectives of equitable distribution, community building, and protocol health.

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