Arbitrum's Decentralized Autonomous Organization (DAO) is reviewing a proposal to expand the network's Orbit Chain to other blockchains beyond ethereum.
Expansion program
In January, the Arbitrum Foundation introduced the Arbitrum Expansion program to extend its Orbit Chain to other ethereum-based chains.
The program allowed cryptocurrency 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 gained significant adoption in recent months as they enable the development of networks with highly customizable performance and enabled governance.
Therefore, due to this growing demand, the Foundation proposed to expand the Orbit Chain to networks other than ethereum. It stated:
“In recent weeks, the Arbitrum Foundation has received 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.
The community supports the movement
Early feedback shows strong community support, with 99.8% of the 14+ million ARB token votes in the “eth/proposal/0xd6138aaca39742a1a56f3219a74a4258e0786aa5494cdfbe752f23277c1b947f”>temperature control” in favor of the proposal. The vote will end on July 31.
The community's support is tied to the numerous benefits that the Arbitrum Foundation claims the expansion will bring to the ecosystem.
The Foundation stated that expanding Orbit deployments could boost ArbitrumDAO’s revenue and improve the dominance of ethereum Virtual Machines (EVM) and Stylus (EVM+).
The Foundation also noted that limiting Orbit chains to ethereum alone could hinder the adoption of the Arbitrum tech Stack as other stacks continue to be freely deployed.
Arbitrum is one of the most extensive layer 2 scaling solutions on ethereum with a total value locked (TVL) of $3.1 billion, according to DeFiLlama data.
