Timeboost Usage
The introduction of Arbitrum Timeboost has been a great success. It started to generate significant revenue from day one.
Timeboost vs Network Fees
In addition to revenue from Timeboost, the Arbitrum DAO also receives the standard transaction fees that users pay. The following chart allows you to track the share of Timeboost fees vs Network fees in ETH.
What is Timeboost?
Timeboost went live on April 17th. It allows Arbitrum to better capitalize on MEV by providing express lane access for users. Until the introduction of Timeboost, Arbitrum had been operating on a FCFS (First-Come, First-Serve) basis. Though it provides great UX it also introduced a lot of spam by searchers that attempted to extract MEV.
Timeboost is a new transaction ordering policy that preserves many of the great benefits of FCFS while unlocking a path for chain owners to capture some of the available MEV on their network and introducing an auction to reduce latency, racing, and, ultimately, spam.
Timeboost is implemented using three separate components that work together:
- A special “express lane” which allows valid transactions to be sequenced as soon as the sequencer receives them for a given round.
- An offchain auction to determine the controller of the express lane for a given round. This auction is managed by an autonomous auctioneer.
- An auction contract deployed on the target chain to serve as the canonical source of truth for the auction results and handling of auction proceeds.
A more detailed explanation of Timeboost can be found here: https://docs.arbitrum.io/how-arbitrum-works/timeboost/gentle-introduction
All charts on this page are updated daily so you can track the adoption of Timeboost.