Optimism builds an Optimistic rollup Layer 2 that aims to make Ethereum transactions faster and cheaper while maintaining compatibility with the main chain. The network has been publicly available on mainnet for over a year and is approaching a half-billion dollars in total value locked (TVL). Optimism operates as a Public Benefit Corporation with an open-source codebase and says it returns its revenue to funding public goods on Ethereum. The team is focused on improving EVM-equivalence and reducing codebase complexity; an upcoming release called "Bedrock" is intended to increase compatibility and reduce costs. Optimism has signaled openness to future ZK EVM integration while prioritizing pragmatic, near-term rollup technology. The company has also demonstrated a transparent security posture, recently paying a $2 million bug bounty after a disclosed vulnerability.

Total raised

$150M

Funding rounds

1

Latest round

Series B

Latest activity

Mar 2022