Aragon Launches DAO on Arbitrum, Building a Thriving Ecosystem of Protocols and Assets
In a move to expand its reach and accessibility, Aragon has launched a decentralized autonomous organization (DAO) on Arbitrum, a Layer 2 rollup scaling Ethereum. With over $7 billion in total value locked and 55% of the L2 market share, Arbitrum has become the industry’s most popular L2 solution.
Arbitrum’s battle-tested technology offers lower gas costs and faster transactions, making Ethereum more accessible to users. The security of Arbitrum 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 a vibrant ecosystem of protocols, assets, and applications. Arbitrum has emerged as the most adopted rollup in the EVM ecosystem, hosting impactful multichain projects like Stargate and native projects like GMX, Tenderize, and Plutus.
Ivan Fartunov, Head of Ecosystem at Aragon, expressed excitement about joining the thriving ecosystem on Arbitrum, highlighting the scalability and security benefits it offers compared to Ethereum mainnet. With lower gas costs and faster transaction times, Aragon on Arbitrum provides a more efficient and cost-effective platform for DAO operations and governance.
Lower gas costs on Arbitrum not only save DAO resources but also increase voter turnout by reducing barriers to participation. Faster transactions on Arbitrum streamline DAO admin and governance processes, allowing members to focus on building and decision-making rather than waiting for transactions to settle.
The security of Arbitrum, inherited from Ethereum, ensures that DAOs and their assets are protected against fraud and malicious activities. Developers can easily migrate from Ethereum mainnet to Arbitrum with minimal modifications, thanks to full EVM equivalence, making building on Arbitrum fast and easy.
Both Aragon and Arbitrum share a vision of making onchain actions accessible to all users and building a thriving ecosystem on Ethereum. With Arbitrum leading the way in the Layer 2 space, assets and value are consolidated on the same base layer, leveraging Ethereum’s secure and decentralized technology to drive innovation and growth in the industry.
As the industry converges on Ethereum as the base infrastructure for decentralized applications, Aragon’s integration with Arbitrum marks a significant step towards building a more inclusive and efficient ecosystem for DAOs and decentralized governance.
