The Rise of DAOs on Arbitrum: A Game-Changer for Ethereum Ecosystem
In a groundbreaking move, the launch of a DAO on Arbitrum is set to revolutionize the Ethereum ecosystem. With over $7 billion total value locked and 55% of the L2 market share, Arbitrum has emerged as the industry’s most popular Layer 2 scaling solution.
Arbitrum’s battle-tested technology offers lower gas costs and faster transactions, making Ethereum more accessible to users. The security of the platform is inherited from Ethereum, providing a time-tested solution for DAOs and their assets.
By deploying a DAO on Arbitrum using the modular DAO framework, Aragon OSx, or the no-code Aragon App, users can tap into the thriving ecosystem of protocols, assets, and applications. Ivan Fartunov, Head of Ecosystem, expressed excitement about joining the vibrant Arbitrum ecosystem, which has seen the launch of impactful projects like Stargate, GMX, Tenderize, and Plutus.
The advantages of operating on Arbitrum are clear. Lower gas costs save DAO resources and increase voter turnout, as members are more likely to participate in votes when fees are reduced. Faster transaction settlement on Arbitrum reduces time spent on DAO admin and governance, with the platform processing around 40,000 transactions per second compared to Ethereum’s 20-40 TPS.
Furthermore, Arbitrum offers full EVM equivalence, making it easy for developers to migrate from Ethereum mainnet with minimal modifications. The platform’s collaboration with Aragon underscores a shared vision of making on-chain actions accessible to all users, ultimately driving the industry towards a more unified and thriving Ethereum ecosystem.
As the industry converges on Ethereum as the base infrastructure for innovative protocols and applications, the rise of DAOs on Arbitrum signals a new era of growth and accessibility in the decentralized finance space. With Ethereum’s secure and decentralized technology at its core, the potential for revolutionary projects to emerge and change the world is limitless.
