Are you ready for L2 2022? Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz and Paradigm at a total valuation of $1.65 billion.
“optimistic rollups,” which aggregates transactions outside of the Ethereum blockchain and provides benefits of reduced slippage, decreased transaction costs and vastly improved transaction speeds.
According to data tracker, L2Beat, the total value locked on L2 platforms has grown to $5.76 billion, with Optimism currently ranked in fourth place among its L2 peers with around $440 million in TVL on its platform. Kain Warwick, Australian crypto veteran and founder of Synthetix, a decentralized derivatives exchange, told his 107,000 twitters followers that he not only participated in the Optimism funding round, he “doubled down hard,” expecting Optimism to “be up there with ETH in size soon.”
Disclosure I participated in this round following on from the previous round but I double down hard. My portfolio by size is now looking like this:
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