most people don’t realize: L2s make millions from sequencer fees
Last year, the following 3 chains netted ~ $100M in profits from sequencer fees alone
@base $73M
@arbitrum $19M
@Optimism $7M
usually these feed into company/protocol treasury, but that's where @katana flips the script
100% of net sequencer fees go back into the defi ecosystem, this results in
> higher yields
> deeper liquidity
> more efficient markets
you don’t feed a foundation, you feed the flywheel
mainnet june 30, slice n dice 🥷
read the full blog post here:
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