Arbitrum, a decentralized autonomous organization (DAO), is considering expanding its Orbit Chain to other blockchains beyond Ethereum. The proposal has gained strong support from the crypto community, with 99.8% of votes in favor of the expansion.
The Arbitrum Foundation introduced the Arbitrum Expansion program in January, allowing crypto projects to fork the Arbitrum codebase and customize it to their needs while sharing profits with the broader Arbitrum ecosystem. These chains have seen increased adoption due to their customizable throughput and governance-enabled networks.
In response to growing demand, the Foundation is now looking to expand the Orbit Chain to non-Ethereum networks such as Bitcoin, Binance Smart Chain, Cosmos, and others. This move is expected to further boost revenue for ArbitrumDAO and strengthen the dominance of Ethereum Virtual Machines (EVM) and Stylus (EVM+).
The community’s support for the expansion is based on the potential benefits it could bring to the ecosystem. By allowing Orbit deployments on other networks, the adoption of the Arbitrum Tech Stack could increase, as other rollups are already deploying freely.
Arbitrum is a prominent layer-2 scaling solution for Ethereum, with a total value locked (TVL) of $3.1 billion. The Foundation expects the interest in expanding Orbit Chain to continue growing as the popularity of the Arbitrum Tech Stack on Ethereum increases.
The voting on the expansion proposal will conclude on July 31, and if approved, it could open up new opportunities for Orbit Chain beyond Ethereum, benefiting both the crypto community and the broader ecosystem.
