Ethereum scaling startup Optimism received $150 million in investment led by Paradigm and Andreessen Horowitz, reaching a valuation of $1.65 billion.
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Optimism raised $150 million in a round that included high-profile investors like Paradigm and Andreessen Horowitz. With the investment, the venture reached a valuation of $1.65 billion. Last February, it received an investment of $25 million in the tour led by Andreessen Horowitz.
The value of ETH and ERC-20 tokens locked in Optimism, which focuses on the development of optimistic rollups, exceeds $480 million. According to The Block Research data, the total locked value in Ethereum-based optimistic rollups has exceeded $5 billion.
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