Arbitrum Token Flow Report - April 2025

DAO Spend Analysis

Monthly ARB Expenditure - Last 6 Months

Nov 24

Dec 24

Jan 25

Feb 25

Mar 25

Apr25

DAO Expenditure in ARB

253,904 (473,733) (219,829)

(5,468,706) (337,901) (5,806,607)

(578,693) (889,384)

(3,776,936) (617,860) (4,394,796)

(4,087,068) (422,613) (4,509,681)

(899,453) (386,535)

DAO Expenditure in USD - converted to ARB Total DAO Monthly (Expenditure) / Income

(1,468,077)

(1,285,988)

*positive ARB spend relates to LTIP protocols returning funds

Note figures may update in each version of the report

monthly expenditure ARB 2.9M using 6-month average

ARB 5.8M monthly expenditure using highest 1 month

ARB 3.4M monthly expenditure using 3-month average

The Arbitrum DAO's sustainability represents its ability to fund operations based on its current treasury holdings. It evaluates the holdings of the DAO, taking into account the average monthly ARB outflows within the organization. Using these averages, it calculates the number of months of funding that the current asset holdings would be able to sustain. Note that the analysis only looks at ARB held in the DAO's treasury wallet and not across all wallets. It is also worth noting that the ARB held in treasury cannot be valued at the same price as circulating ARB - it is effectively locked supply that when introduced into the market will likely cause material changes in prices. To factor this in, we include an analysis on runway based on the price of ARB falling by different amounts.

Number of months the DAO can maintain expenditure levels before fully depleting the DAO ARB Treasury based on ARB expenditure within the DAO.

6 Month Average Spend (in ARB)

3 Month Average ARB Spend, Increased by 25%

938

651

3 Month Average Spend (in ARB)

3 Month Average ARB Spend, Increased by 50%

813

542

Highest Month Spend (in ARB)

3 Month Average ARB Spend, Increased by 75%

476

465

ARB Introduced into Circulation

Treasury Allocated to Proposals 24% Treasury Spent to Date 12%

Every proposal that allocates the DAO's treasury holdings of ARB is introducing more tokens into supply - ARB out of circulation held in treasury is brought into the market. Over the period from June 2023, when the first Tally proposal was approved, to April 2025, the DAO approved 868M ARB worth of spending outlined in various proposals. This represents 24% of the DAO's initial treasury balance of 3.6B ARB. Spending began in August 2023, with a total of 443M ARB spent to April 2025 (including USD spend converted into ARB). This represents 12% of the DAO's treasury balance - the balance is still held in DAO-controlled wallets.

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