Arbitrum’s Decentralized Autonomous Organization (DAO) is considering expanding its network’s Orbit Chain to other blockchains beyond Ethereum as part of the Arbitrum Expansion program introduced in January. This program allows crypto projects to fork the Arbitrum codebase and customize it to their business needs, sharing 10% of profits with the larger Arbitrum ecosystem. These chains have seen significant adoption recently, offering highly customizable throughput and governance-enabled networks.
In response to growing demand, the Foundation proposed extending the Orbit Chain to non-Ethereum networks, such as Bitcoin, Binance Smart Chain, Cosmos, and others. The goal is to capitalize on the interest shown by various projects in deploying their own Orbit chain. This move comes as the Arbitrum Tech Stack gains popularity on Ethereum, indicating a need for expansion to other networks to keep up with demand.
Feedback from the community has been overwhelmingly positive, with 99.8% of ARB token votes supporting the proposal in a recent temperature check. This strong backing is linked to the potential benefits of expanding Orbit deployments, such as increased revenue for ArbitrumDAO and the promotion of Ethereum Virtual Machines (EVM) and Stylus (EVM+). The Foundation also highlighted that restricting Orbit chains to Ethereum may hinder adoption of the Arbitrum Tech Stack, as other rollups are being deployed on various networks.
Arbitrum is currently one of Ethereum’s leading layer-2 scaling solutions, boasting a total value locked (TVL) of $3.1 billion according to DeFiLlama data. The expansion of the Orbit Chain to other blockchains could further solidify Arbitrum’s position in the market and attract more users. The community’s support for this move reflects a growing interest in expanding the capabilities of the Arbitrum network beyond Ethereum, offering more opportunities for developers and users.
Overall, the proposal to expand the Orbit Chain to non-Ethereum networks is gaining traction within the Arbitrum community. The potential benefits of increased revenue, broader adoption, and enhanced network capabilities are driving support for this initiative. As the voting period continues, it remains to be seen how the community’s feedback will shape the future of Arbitrum’s decentralized network and its impact on the broader blockchain ecosystem.
