Arbitrum Proposes Orbit Chain Extension Beyond Ethereum
Arbitrum’s decentralized autonomous organization (DAO) is reviewing proposals to expand the network’s Orbit Chain to other blockchains beyond Ethereum.
Extensions
In January, the Arbitrum Foundation introduced the Arbitrum Extensions program to extend Orbit Chain to other Ethereum-based chains.
This program allowed crypto projects to fork the Arbitrum codebase and adapt it to their business needs while sharing 10% of their revenue with the broader Arbitrum ecosystem. These chains have gained significant adoption in recent months as they enable the development of highly customizable throughput and governance-supported networks.
So, due to this growing demand, the Foundation proposed to expand Orbit Chain to non-Ethereum networks. They stated:
“Over the past few weeks, the Arbitrum Foundation has received interest from projects looking to deploy their own Orbit chains on other networks, including but not limited to Bitcoin, Binance Smart Chain, Cosmos, etc.”
The Foundation expects this interest to continue to grow, especially as the Arbitrum technology stack gains traction on Ethereum.
The community supports the move
Early feedback shows strong community support, with 99.8% of the 14 million+ ARB tokens voted in “Temperature Check” in support of the proposal. Voting ends on July 31.
The community’s support goes hand in hand with the Arbitrum Foundation’s assertion that this expansion will bring numerous benefits to the ecosystem.
The foundation stated that expanding Orbit distribution could increase ArbitrumDAO’s revenue and strengthen the dominance of Ethereum Virtual Machines (EVM) and Stylus (EVM+).
The Foundation also noted that limiting the Orbit chain to Ethereum alone would hinder the adoption of the Arbitrum technology stack, as other rollups would continue to be distributed for free.
According to DeFiLlama data, Arbitrum is one of the most extensive layer 2 scaling solutions on Ethereum, with a total value locked (TVL) of $3.1 billion.
