Ethereum
Arbitrum Proposes Expanding Orbit Chain Beyond Ethereum
Arbitration The decentralized autonomous organization (DAO) is considering a proposal to expand the network’s Orbit Chain to other blockchains beyond Ethereum.
Expansion program
In January, the Arbitrum Foundation launched the Arbitrum Expansion program to expand its Orbit Chain to other Ethereum-based chains.
The program allowed crypto projects to fork the Arbitrum codebase and adapt it to their business needs while sharing 10% of their profits with the broader Arbitrum ecosystem. These chains have seen significant adoption in recent months as they enable the development of highly customizable networks with optimized governance.
So, due to this growing demand, the Foundation proposed to expand the Orbit Chain to non-Ethereum networks. It stated:
“Over the past few weeks, the Arbitrum Foundation has received increasing interest from projects looking to deploy their own Orbit Chain on other networks, including but not limited to: Bitcoin, Binance Smart Chain, Cosmos, and others.”
The Foundation expects this interest to continue to grow, especially as the Arbitrum Tech Stack gains popularity on Ethereum.
Community supports move
Early feedback shows strong community support, with 99.8% of the over 14 million ARB tokens voted in the “temperature control” in favor of the proposal. Voting will end on July 31.
Community support is tied to the many benefits the Arbitrum Foundation says the expansion will bring to the ecosystem.
The Foundation said expanding Orbit deployments could increase ArbitrumDAO’s revenue and strengthen the dominance of Ethereum Virtual Machines (EVM) and Stylus (EVM+).
The Foundation also noted that limiting Orbit chains to Ethereum only could hinder adoption of the Arbitrum tech stack as other rollups continue to deploy freely.
Arbitrum is one of the most comprehensive Layer 2 scaling solutions on Ethereum with a total value locked (TVL) of $3.1 billion, according to DefiLlama data.