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 July 2024, was owed 2 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)
(6.1k)
(8k)
(2.3k)
(4.5k)
(204)
(21)
(113)
(32)
2
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 July 2024 the total net flows amounted to 14,223 ETH, currently held mainly in the L2 Treasury Timelock Wallet (with 13 ETH held in Fee Inflow Wallets).
Post the Atlas upgrade, average monthly net fees decreased by 23% from 853 to 655 ETH per month.
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 36% of the DAO's ETH holdings .
Arbitrum DAO Net Transaction Fee Flows (ETH)
15k
12.6k 12.8k
13.9k 14.2k
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
1.7k
1.4k
1k
881
728
577
732
692
233
765
650
973
1.1k
783
600
1.1k
280
Net Fee Flow Cumulative Net Fee Flow Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23 Dec 23 Jan 24 Feb 24 Mar 24 Apr 24 May 24 Jun 24 Jul 24 0
6
Made with FlippingBook - PDF hosting