Arbitrum (ARB) earns $2 million in revenue in 3 months through implementation of 'Timeboost'
Heecheol Yang
Summary
- It was reported that Arbitrum (ARB) earned $2 million in fee revenue within 3 months through the introduction of 'Timeboost'.
- Timeboost has improved on the FCFS model, allowing users to bid for priority transaction ranking.
- This revenue has become a major source of income for the DAO, processing hundreds of thousands of high-frequency DeFi transactions.
The Layer 2 protocol Arbitrum (ARB) generated $2 million in fee revenue via the transaction order service 'Timeboost' launched last April.
According to The Block on the 4th (local time), Timeboost is a system introduced to improve on the block’s previous first-come, first-served (FCFS) model for determining transaction order. Users can bid for priority transaction ranking through a 'fast lane' approach.
Arbitrum processed hundreds of thousands of high-frequency DeFi transactions with Timeboost, which has become a major revenue source for the decentralized autonomous organization (DAO).
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
