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, 27.5k ETH has been charged in L1 Base Fees. The sequencer has periodically claimed that amount and as at 30 September 2024, was owed 1.7 ETH which it can claim at any point. The sequencer has recently started claiming multiple times per month.
Sequencer Fee Flow (ETH)
+27.5k
(6.1k)
(14.2k)
(7.1k)
(62)
(46)
+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 30 September 2024, the total net flows amounted to 15,216 ETH, streamed periodically to the L2 Treasury Timelock Wallet. Net transaction fees collected in September 2024 amounted to 188 ETH - compared to the 3 months before the "Atlas" upgrade (December 2023 - February 2024), total transaction fees have fallen 85% while net transaction fees have fallen 43% (for the months of April to September 2024). An AIP was passed in August/September 2024 to send 5,134 ETH to bootstrap the first BoLD validator: - 4,234 ETH to allow the Arbitrum Foundation to run a BoLD validator - 500 ETH to pay proposers actively participating in and advancing the chain (expected to fund 3 years of operations - 400 ETH to reimburse all L1 gas costs for active proposers
Decrease in Net Fees post "Atlas" 43%
The proposal passed and was executed on 9 September 2024.
Arbitrum DAO Net Transaction Fee Flows (ETH)
20k
15.2k
15k
13.9k 14.2k
12.6k 12.8k
12k
11.3k
10.5k
9.4k
10k
8.4k
7.7k
7.1k
6.5k
5.7k
5k
4.1k
3.1k
1.4k 1.4k
1.7k
1k
728
765
732
973
1.1k
783
692
881
577
650
600
233
1.1k
280
806
188
0
Net Fee Flow
Cumulative Net Fee Flow
6
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