Arbitrum's Decentralized Autonomous Organization (DAO) is considering broadening the Orbit Chain network to blockchains beyond Ethereum. The Arbitrum Expansion program, introduced in January, allows projects to customize the Orbit Chain to their needs on Ethereum-based chains. This initiative has gained traction due to its customizable throughput and governance features. The Foundation is now looking to extend Orbit Chain to networks like Bitcoin, Binance Smart Chain, and Cosmos. Community feedback has been overwhelmingly positive, with 99.8% supporting the proposal. The expansion is expected to increase revenue for ArbitrumDAO and promote the adoption of Ethereum Virtual Machines (EVM) and Stylus. With a TVL of $3.1 billion, Arbitrum is a prominent layer-2 scaling solution on Ethereum. The crypto market is evolving, driven by DeFi projects seeking stability amidst high interest rates. Hedgey is investigating an exploit, and Arbitrum DAO is considering investing in memecoins. CryptoSlate provides essential updates and analyses, emphasizing the need for caution in cryptocurrency trading. Read more AI-generated news on: https://app.chaingpt.org/news

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