Arbitrum Token Flow Report - June 2025

Treasury

ARB Treasury Holdings 2.7B

The Arbitrum DAO's treasury holds mainly cryptocurrency, with the majority being its native ARB token. It's important to note that the composition of the treasury holdings is subject to change due to various factors, including fee inflows, outflows, and spending approved by the DAO.

Balance in native ARB token within the DAO's treasury wallet. See below for additional holdings across DAO controlled wallets.

DAO Assets - Converted into USD

Net Transaction Fees

19.4k

ETH Treasury Holdings 8.7k

BoLD Validator Send ETH Attackathon Send Treasury Management Send Nova ETH Income

(5.1k) (0.03k) (7.5k) 1.9k

NET DAO ETH

8.7k

ARB Holdings 1.1b (94.1%) ETH Holdings 21.7m (1.9%) USD Holdings 46.6m (4.1%)

ETH in Fee Wallets ETH in L2 Treasury Wallet

0.07k 8.65k

The majority of the DAO's treasury is therefore held in its native token, ARB. It also holds ETH from transaction fees, as well as US Dollar-linked investments mainly via the STEP program.

NET DAO ETH

8.7k

Note that as part of the Growth strategy within the Treasury Management Proposal, 7.5k ETH was allocated across various protocols to generate yield on previously unproductive ETH. The split of this ETH was included in previous reports. Those holdings have not been included in the above analysis, as it falls under the Treasury Management proposal and should be reported separately. The DAO wallet that initially received the 7.5k ETH allocation currently holds 0 ETH and 4.1k wstETH. It sent 2.4k ETH to a wallet (ending B51F) that currently holds 2.5k fWETH, aligning with what Entropy reports in its Dune dashboard.

Treasury Holding - ARB and USD Overview

USD Stablecoin Holdings

ARB Holdings

DAO Treasury

2,690,807,647

123,193

Catalyze Gaming Ecosystem Growth

86,183,335 30,000,001 21,949,999 17,918,999 11,753,552 11,310,041 8,028,855 7,888,331

Arbitrum Audit Program

OpCo

57,326

STEP 2.0

8,373,046

Entropy - Treasury Management and Events Domain Allocator Offerings Season 3

362,916

DIS - New Multisig

Sylus Sprint

ARDC v2

112,246 100,000

1,503,604

Event Horizon

D.A.O. Grant Wallets

3,527,932

D.A.O. Season 3 OPEX Wallet

515,747

DAOEvents

1,044,201 31,054,117 46,562,082

STEP (using most recent 31 May report)

TOTAL

2,886,053,006

Note immaterial balances not included.

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