Fee Outflows
The L1 Base Fee component of Arbitrum transaction fees are refunded to the sequencer - they accrue in the L1 Base Fee wallet and are claimed by the sequencer periodically. Since the start of the Arbitrum DAO, 27.4k ETH has been charged in L1 Base Fees. The sequencer has periodically claimed that amount and as at 31 August 2024, was owed 1.9 ETH which it can claim at any point. The sequencer has recently started claiming multiple times per month.
Sequencer Fee Flow (ETH)
+27.4k
(6.1k)
(14.2k)
(7.1k)
(32)
(31)
+2
L1 Base Fee
Sequencer Refunds - 1H 2023
Sequencer Refunds - 2H 2023
Sequencer Refunds - 1H 2024
Sequencer Refunds - 2H 2024 (excl. Current Month)
Sequencer Refunds - Current Month
Unclaimed Sequencer Fees
Net Fee Flow
Net fee flow is the total collected fee less any fee owed to the sequencer to post transactions onto the Ethereum blockchain. As at 31st August 2024 the total net flows amounted to 15,027 ETH, currently held mainly in the L2 Treasury Timelock Wallet (with 55 ETH held in Fee Inflow Wallets). Net transaction fees collected in August 2024 amounted to 806 ETH - compared to the 3 months before the "Atlas" upgrade (December 2023 - February 2024), total transaction fees have fallen 83% while net transaction fees have fallen 36% (for the months of April to August 2024). The Cumulative Net Fee Flow graph below also represents the DAO's ETH holdings over time as the DAO has not approved any transactions involving the ETH in the wallet - the balance has therefore increased in-line with the net fee flow earned by the DAO. It is worth noting that there is currently a Tally proposal to send 5,134 ETH to the Arbitrum Foundation for Assertion and Challenge Bonds, which would allow the Foundation to run a BoLD validator and fulfill the role of being the first honest and active proposer.
This would represent 34% of the DAO's ETH holdings .
Arbitrum DAO Net Transaction Fee Flows (ETH)
20k
15k
14.2k
13.9k
15k
12.8k
12.6k
12k
11.3k
10.5k
9.4k
10k
8.4k
7.7k
7.1k
6.5k
5.7k
5k
4.1k
5k
3.1k
1.4k 1.4k
1.7k
1k
881
728
765
577
650
732
973
1.1k
783
692
600
233
1.1k
280
806
0
Net Fee Flow
Cumulative Net Fee Flow
6
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