Arbitrum’s Decentralized Autonomous Organization (DAO) is considering a proposal to expand its Orbit Chain beyond Ethereum. This initiative, part of the Arbitrum Expansion program introduced in January, aims to deploy Orbit Chain on other blockchains such as Bitcoin, Binance Smart Chain, and Cosmos.
The initial program allowed crypto projects to fork Arbitrum’s codebase, customize it, and share 10% of profits with the Arbitrum ecosystem. Due to growing demand, expanding to non-Ethereum networks could enhance the Arbitrum Tech Stack’s popularity and facilitate more customizable networks.
Community feedback is overwhelmingly positive, with 99.8% of over 14 million ARB token votes supporting the proposal. The voting ends on July 31. Expanding could boost ArbitrumDAO’s revenue and strengthen Ethereum Virtual Machines (EVM) and Stylus (EVM+).
With a total value locked (TVL) of $3.1 billion, Arbitrum is already a key layer-2 scaling solution for Ethereum. This strategic move could further solidify its position in the blockchain ecosystem.
