Annual Report | Arbitrum DAO | 2024
DAO Token Flows 1 Mar 2023 - 31 March 2024 (Genesis to Date)
39,087 ETH Total Revenue Total Transaction Fee Inflows Users of DAO-governed chains are charged fees to process transactions - these are split between Layer 1 fees to post to the Ethereum network, and Layer 2 fees for processing transactions within Arbitrum.
Total Sequencer Fee Outflows
0.31 Fee Outflow/Inflow Ratio
Net Fee Flow
27,150 ETH Sequencer fees relate to direct costs owed to the sequencer to post transactions onto Ethereum's Layer 1 blockchain. These fees are collected from users and passed on to the sequencer via smart contracts.
11,937 ETH Net fee flow is the total collected fee less any fee owed to the sequencer to post transactions onto the Ethereum blockchain. This is the fee that flows into the DAO's treasury.
Transaction fee figures were obtained from Dune Analytics.
30m
22.7m
20m
15.4m
13m
11.5m
10m
5.8m
2.1m 2.3m 1.6m 1.5m
1.1m 1.3m 1.1m 1.2m 1.4m 1.8m 1.4m 1.2m 1.3m
0
Net Fee Flows - ARB 19.3m DAO Expenditure - ARB 68.7m 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 0
Transaction fees in ETH were converted to ARB using historical price data obtained from CoinMarketCap. Since prices were provided on a weekly basis, the ETH transaction fees for each day within that week were converted to ARB using the exchange rate for that week.
This conversion from ETH to ARB is used to illustrate the overarching "value flow" within the DAO and to establish a standardized nominal currency for comparing inflows and outflows to the DAO Treasury.
DAO Value Flow - Overview (all converted to ARB)
March 2023 - March 2024
Fees charged to process transactions
Transaction Fee Inflows
63,900,479
Sequencer costs to post on Ethereum
Sequencer Fee Outflows
(44,584,742)
Net fee earned by the DAO
Net Fee Flow
19,315,737
Total grants spending
DAO Expenditure
68,785,973
Net inflows / (outflows) for the period
Net Token Flows During the Period
(49,470,235)
5
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