{"id":58911,"date":"2022-03-17T21:28:24","date_gmt":"2022-03-17T19:28:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58911"},"modified":"2025-09-04T19:12:19","modified_gmt":"2025-09-04T16:12:19","slug":"ethereum-scaling-project-optimism-raises-150-million-at-1-65-billion-valuation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-scaling-project-optimism-raises-150-million-at-1-65-billion-valuation\/","title":{"rendered":"Ethereum scaling project Optimism raises $150 million at $1.65 billion valuation"},"content":{"rendered":"<p>Optimism, <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">layer-2 solution<\/a> for scaling Ethereum, raised $150 million following a Series B funding round. Investors valued the project at $1.65 billion.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">After over a year on mainnet, our milestones keep adding up: $1B in gas fees saved for users, thousands of smart contracts deployed, three separate forks\u2026<\/p>\n<p>And now: funds raised to the tune of $150M, giving us runway to keep shipping rain or shine.<a href=\"https:\/\/t.co\/pBC2jmXtnh\">https:\/\/t.co\/pBC2jmXtnh<\/a><\/p>\n<p>\u2014 Optimism \ud83d\udd34\u2728 (@optimismPBC) <a href=\"https:\/\/twitter.com\/optimismPBC\/status\/1504487737201598470?ref_src=twsrc%5Etfw\">March 17, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/techcrunch.com\/2022\/03\/17\/paradigm-and-a16z-back-ethereum-scaling-startup-optimism-at-1-65b-valuation\/\">TechCrunch<\/a>, the round involved Andreessen Horowitz (a16z) and Paradigm.<\/p>\n<p>According to developers, over the year since the mainnet launch, Optimism users saved $1 billion in transaction fees.<\/p>\n<p>Optimism sits fourth in L2BEAT&#8217;s ranking with a TVL of <span data-descr=\"total value locked in smart contracts\" class=\"old_tooltip\">TVL<\/span> of $440 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"993\" height=\"425\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/l2beat-1.png\" alt=\"Ethereum project Optimism raises $150 million at $1.65 billion valuation\" class=\"wp-image-167933\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/l2beat-1.png 993w, https:\/\/forklog.com\/wp-content\/uploads\/l2beat-1-300x128.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/l2beat-1-768x329.png 768w\" sizes=\"auto, (max-width: 993px) 100vw, 993px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/l2beat.com\/\">L2BEAT<\/a>.<\/figcaption><\/figure>\n<p>Arbitrum leads the list, also using the Optimistic Rollups scaling technology. Metis Andromeda&#8217;s TVL is $717 million (3rd place in the ranking).<\/p>\n<p>In February 2021, the Optimism <a href=\"https:\/\/www.crunchbase.com\/funding_round\/optimism-series-a--8f340106\">raised $25 million<\/a> in a Series A funding round led by Andreessen Horowitz.<\/p>\n<p>In February, the Optimism <a href=\"https:\/\/forklog.com\/en\/news\/optimism-team-pays-out-over-2-million-for-disclosed-vulnerability\">paid out more than $2 million<\/a> for a disclosed critical vulnerability.<\/p>\n<p>Follow ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Optimism, working on a Layer 2 scaling solution for Ethereum, raised $150 million following a Series B funding round.<\/p>\n","protected":false},"author":1,"featured_media":58912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1362,1406,1133],"class_list":["post-58911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-optimism-op","tag-optimistic-rollup","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=58911"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58911\/revisions"}],"predecessor-version":[{"id":58913,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58911\/revisions\/58913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/58912"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=58911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=58911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=58911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}