MicroStrategy Completes $800 Million Notes Offering to Increase Bitcoin Holdings

Arbitrum Sees 16,500% Surge in Daily Revenue Following LayerZero’s ZRO LaunchLayerZero’s token launch on June 20 resulted in a large jump in fees on Arbitrum, resulting in a record $3.43 million daily revenue for the blockchain, a 16,680% increase over the previous day. These mechanisms raised the average gas charge on the blockchain to 89 cents, up from the usual less-than-one-cent fee.LayerZero made it so ZRO token claimants must donate a small amount of money per token. It announced on June 20 that users must give $0.10 in USDC, USDT, or ETH each ZRO to claim. It further stated that the donation goes to the Protocol Guild, which helps fund Ethereum developers. Arbitrum has had its highest revenue day since December 14, when it earned $2.13 million.Inscriptions are a sort of data formatting that can carry bigger packages than simple transaction data, such as images which makes them expensive due to their size. Meanwhile, ZRO has dropped precipitously. According to Cointelegraph, it is down 23% in the last day to $3.42, having peaked at $4.79 earlier.

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