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Optimism saves users $1B in fees, raises $150M in Series B -Breaking

by Mike Robinson

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Popular scaling software Optimism recently announced a $150m Series B round of funding, led by Andreessen Horowitz (a16z), and Paradigm. It has a valuation totaling $1.65billion.

According to Optimism blog posts, the layer 2 solution (L2) has been identified. ReserviertOver $1 billion has been paid by users to the Ethereum network in gas fees. Funding will be used for the expansion of the Optimism group and to work on reducing fees in the network.

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