Arbitrum One has generated more than $400,000 in priority fees across 35 million transactions executed through Priority Gas Auctions (PGA), a milestone that underscores the growing economic activity on the Ethereum Layer-2 network. The development comes as the ecosystem's ARB token contends with short-term market pressure even as it retains a positive higher-timeframe structure — a dynamic that crypto analyst Sjuul says has been complicated by the token's drop below $0.23.

Arbitrum One Records $400K in Priority Fee Revenue

Arbitrum announced that priority fee revenue for Arbitrum One has surpassed $400,000, accumulated through 35 million priority gas auctions. The figure points to increased activity on the platform and its capacity to earn from transaction prioritization.

Priority Gas Auctions allow users to pay additional fees to have their transactions processed ahead of others in the block. The mechanism comes into play particularly when users are competing for faster execution amid periods of high demand on the network.

Source: Arbitrum's X post

According to the figures shared by Arbitrum, 97% of the fees collected from priority payments flow to the Arbitrum DAO treasury, while the remaining 3% goes to the Arbitrum Developer Guild. The arrangement provides an additional revenue stream for ecosystem development.

However, increased revenue for the network does not automatically imply rising demand for ARB tokens, as the two operate as distinct variables.

Transactions Highlight Growing Network Activity

The accumulation of 35 million transactions marks a significant volume of priority-based execution on the Arbitrum One chain, reflecting sustained demand for faster processing. Decentralized finance applications, arbitrage strategies, and liquidation tools can all benefit from quicker transaction inclusion.

The PGA mechanism on Arbitrum also incorporates an anti-starvation feature that ensures the gradual improvement of transaction ordering in the queue, preventing low-fee transactions from being delayed indefinitely.

The setup indicates that Arbitrum has designed its own mechanism to extract value from transaction activity and channel part of it toward ecosystem development. The funds generated from these activities, however, do not automatically accrue to ARB token holders.

ARB Price Targets Recovery With $0.23 in Sight

Alongside the network's progress, ARB remains under short-term market pressure. The token traded at $0.1602 on November 11, 2026, below its weekly pivot price of $0.1629 — a reference level derived from the prior week's price data.

The $0.1534 area stands out as a significant weekly support level, and a failure to sustain above it could expose ARB to additional selling pressure. On the positive side, a move back above $0.1629 would offer early signs of recovering momentum, with subsequent resistance located at $0.1725. The $0.23 level still serves as the broader reference for recovery rather than resistance.

Sjuul Maintains Bullish Long-Term Outlook

According to crypto analyst Sjuul, ARB has been one of the better-performing coins in the recent period, and he remains optimistic about the token's high-timeframe structure. The analyst nonetheless pointed to local weakness following the loss of an important price level, which has since acted as resistance. In his view, $0.23 is the key level bulls must reclaim to avoid further downside.

Source: Sjuul's X post

That outlook is contingent on buyers retaking control and recovering the lost level. Renewed weakness could spoil the bullish setup.

What Comes Next for ARB?

Traders will be watching the $0.1534 support level and the $0.1629 weekly pivot point for signals of a potential recovery. Holding the support and reclaiming the pivot and subsequent resistance levels would help lift sentiment around the token.

Arbitrum's priority fee milestone is a positive development for the ecosystem, but heightened network activity does not guarantee that the token will be immediately rescued from its current position. ARB's next steps will be determined by buyers' ability to hold their ground at support and resistance levels while the network's economics continue to grow.

Disclaimer: This article contains market analysis and price commentary. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.