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The Optimism team has acquired an additional $150 million in Series B funding to continue creating a layer 2 solution for the Ethereum blockchain. The project was valued at $1.65 billion by the firms that participated in this investment round.

This time, a16z and Paradigm were the primary investors. It’s simple to understand why people are interested in this initiative. The startup has a functional solution that has saved customers of its Ethereum blockchain add-on $1 billion in inexpensive fees in its first year on the mainnet.

This zoom level 2 solution is ranked fourth in the L2Beat TOP due to its popularity. It has $440 million in money blocked in it (TVL).

Arbitrum is ranked #1, followed by Dydx, while Metis Andromeda is ranked third. The same scaling method – Optimistic Rollups – is used in the 1, 3, and 4 TOP projects.

Remember that the Optimism club raised $25 million in Serie A. Last year’s fundraiser took place in February. a16z also took the lead in this round.

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