ChainCatcher message, Blockworks Research analyst Dan Smith stated on the X platform that Solana generated a total fee of 5.5 million dollars yesterday, the highest level in the past three months. Among them, 58% came from MEV tips, 37% from priority transaction fees, and most of the activity came from spot DEX trading.

ChainCatcher message, Blockworks Research has initiated a community proposal on Arbitrum to establish the Arbitrum Alliance, led by Blockworks Research, Gauntlet, and Trail of Bits, for a duration of 12 months, aimed at helping Arbitrum DAO members turn their ideas into reality.It is reported that the total cost of the alliance for one year will be based on the 30-day VWAP price of ARB on the day before the on-chain proposal, estimated to require approximately 2.2 million ARB, of which 1/4 of the funds will be pre-paid to each alliance member 91 days after the execution of the AIP, and the remaining 3/4 will be paid in installments over 274 days. The flow of funds will remain under the control of the DAO and can be cut off at any time through on-chain DAO proposals.

ChainCatcher news, Blockworks Research tweeted that a vote has been initiated for the Arbitrum Improvement Proposal (AIP-1), while expressing a commitment to improving DAO governance and transparency, whereas AIP-1 signifies a regression in the current state of community governance.In addition, Blockworks Research stated that its core focus is on the 750 million ARB tokens valued at over $1 billion, which appear to be controlled by the Arbitrum Foundation operated by the three initial directors: Campbell Law, Edward Noyons, and Ani Banerjee.Earlier, ChainCatcher reported that the Arbitrum Foundation began selling ARB tokens in exchange for stablecoins before its governance community of token holders "approved" the organization's budget of nearly $1 billion, sparking controversy within the community. Previously, on April 1, the Arbitrum community initiated the Arbitrum Improvement Proposal 1 (AIP-1) to introduce a decentralized autonomous organization structure called ArbitrumDAO, with the entity behind the proposal, Lemma, also applying for a grant of 750 million ARB tokens (valued at approximately $1 billion). (source link)