Arbitrum Unveils $14M Audit Fund to Boost Blockchain Security

- Arbitrum commits $14 million to fund smart contract audits. - Initiative aims to support early-stage and upgrading blockchain projects. On July 28, 2025, Cryptopolitan reported that the Arbitrum Foundation launched the Arbitrum Audit Program, a $14 million security initiative. The program will run for 12 months, leveraging 30 million ARB tokens to subsidize smart contract audits for developers in the Arbitrum ecosystem. This initiative seeks to enhance overall network security by addressing the steep costs of audits, which are vital for maintaining the integrity and reliability of blockchain applications. The program targets early-stage projects with a strong product-market fit, as well as established teams planning major upgrades or new deployments. An oversight committee consisting of representatives from the Arbitrum Foundation, Offchain Labs, and a DAO-elected technical professional will manage the program. To ensure quality and consistency, approved projects must engage audit firms from a pre-approved whitelist. The launch aligns with Arbitrum's broader ecosystem expansion efforts, such as PayPal's deployment of its USD stablecoin (PYUSD) on the Arbitrum network on July 17, which marked the token's first deployment on a Layer 2 blockchain. This integration offers developers and users faster transactions and lower costs, reinforcing Arbitrum’s position as a developer-friendly Ethereum Layer 2 solution. According to market data on July 28 at 20:15 UTC, PayPal USD (PYUSD) traded at $1.00, with its 24-hour trading volume rising by 2.6%. Meanwhile, as of 20:14 UTC, Arbitrum (ARB) was valued at $0.434, and its 24-hour trading volume had declined by 4.6%.