Arbitrum’s Decentralized Autonomous Organization (DAO) is reviewing a proposal to extend the network’s Orbit Chain to other blockchains beyond Ethereum.
Expansion program
In January, the Arbitrum Foundation introduced 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 tailor 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 highly customizable transit and governance-enabled networks.
Due to this growing demand, the Foundation therefore proposed expanding the Orbit Chain to non-Ethereum networks. There stood:
“In recent weeks, the Arbitrum Foundation has received inbound 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 relocation
Early feedback shows strong community support, with 99.8% of the more than 14 million ARB token votes in the “temperature control” for the proposal. The voting ends on July 31.
The community’s support is tied to the many benefits the expansion will bring to the ecosystem, according to the Arbitrum Foundation.
The Foundation stated that expanding Orbit deployments could increase ArbitrumDAO’s revenues and increase the dominance of Ethereum Virtual Machines (EVM) and Stylus (EVM+).
The Foundation also noted that limiting Orbit chains to Ethereum alone could hinder adoption of the Arbitrum Tech Stack, as other rollups can be deployed freely.
Arbitrum is one of Ethereum’s most comprehensive layer 2 scaling solutions with a total value locked (TVL) of $3.1 billion, according to DeFiLlama facts.
