TechFlow news, Arbitrum stated on X that the Bitcoin staking Layer 2 network Social Network will settle on Ethereum, with 8% of its sequencer revenue allocated to ArbitrumDAO and 2% used to reward the Arbitrum Developer Association.
Notably, Social Network is an Arbitrum-supported Bitcoin staking Layer 2 network with native yield, aiming to reduce transaction fees to approximately 1 sat/byte by allowing users to stake Bitcoin into the network. The network has already launched its testnet and will soon open Ordinals Freemint access to early contributors.




