.Arbitrum DAO to benefit from generated network fees, sentiment is sending ARB price high
it is the"only rollup that sends all surplus revenue generated by transaction fees to their respective DAO."According to the insights shared by the protocol, all users on Arbitrum One pay a fee when transacting on the network. This fee is split into two components, including L1 fees for covering transactions on Ethereum and L2 fees for Arbitrum fees. Of these generated fees, it said surplus tokens are accumulated before it is sent to the DAO.
All users on Arbitrum One pay a fee when transacting on the network. The fee is split into two components:Surplus L1 fees and all L2 fees accumulate on-chain before it is sent to the DAO.While L1 fees are not expended immediately as the Sequencer covers the cost upfront before it is recovered later, a large portion of the L1 fee is reserved for the Sequencer.
At present, Arbitrum revealed that the total funds billed for the Sequencer are pegged at 5,954 ETH worth approximately $10.9 million. The surplus on this comes in at 582 ETH, which can be sent to the DAO.Arbitrum also revealed that the L2 fees accumulated thus far come in at a total of 2770 ETH. As revealed, a total of 3,352 ETH is billed to be sent to the DAO as a reward after the Sequencer is refunded 5,954 ETH.
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