what's espresso systems?
Espresso Systems is a blockchain infrastructure project building shared sequencing solutions for modular blockchains and rollups. The project focuses on solving coordination bottlenecks in the fragmented rollup ecosystem by providing a unified sequencing layer that multiple chains can plug into. Key technologies include zero-knowledge rollups, shared sequencing architecture, and CAP (Configurable Asset Privacy) for private transactions. The system uses BFT consensus with HotStuff-style finality to provide fast transaction ordering within seconds, while separating sequencing from execution to minimize latency. Espresso recently launched its Gibraltar testnet with full OP Stack integration, enabling Optimism rollups to access a shared sequencer marketplace. The project has progressed through multiple coffee-themed testnets (Decaf, Cappuccino, Cortado, Doppio, Americano), with Decaf transitioning to Proof-of-Stake on the Road to Mainnet 1.0. The Espresso Foundation has hosted a Build & Brew Hackathon to encourage ecosystem development. The project positions itself as the "glue layer" for modular chains, delivering faster finality, fair transaction ordering, lower latency, and cross-chain composability while maintaining decentralization and privacy features.
Espresso Systems' Head of R&D Ellie Davidson is speaking at ETHDenver 2026.
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x.com/espressosysListed on Upbit on February 24, 2026, with KRW, BTC, and USDT pairs and initial trading restrictions on buy orders.
Listed on Bithumb KRW spot market on February 24, 2026.
Ligero launched onchain payroll pilot for private salaries, instant stablecoin settlement, and cryptographic compliance guarantees as a native L2 on February 19, 2026.
Listed on OKX Web3 platform, distributing 5,385,000 ESP tokens with registration deadline 2026-02-18 4 PM and claims opening 2026-02-18 11 AM UTC, during week ending February 22, 2026.
Added perpetual futures trading for ESP token on OKX.
Kraken will begin reading from Espresso for deposits from Espresso-integrated chains, reducing deposit confirmation time from 12+ minutes to seconds.
Perpetual futures trading for ESP token goes live on Coinbase on 2026-02-12, with the ESP-PERP market opening contingent on liquidity conditions being met.
Listed on Coinbase spot trading with ESP-USD pair on February 12, 2026, with limit, market, and stop orders available as of February 13, 2026.
Listed on HTX exchange with ticker $ESP.
Listed on Binance with ESP/USDT, ESP/USDC, and ESP/TRY trading pairs on 2026-02-12.
Listed on Bybit Pre-Market for ESP/USDT perpetual trading on February 10, 2026, at 10:10 AM UTC.
Opened $ESP claim portal; Binance Prime token sale on 2026-02-10 at $250M FDV, with sale price $0.112 per token. Launched with $216M FDV, then experienced a 114% price increase, reaching a $700M fully diluted valuation.
Ellie Davidson spoke at ETHDenver on February 18, 2026, discussing L1 launch preparation, and on February 19, 2026, at the Infrastructure Summit on the Prosperia Stage, presenting "A Chain for Every App." Brittany Madruga also delivered "A Chain for Every App" at ETHDenver.
Participating in a live discussion on February 3rd, 2026 at approximately 17:13 UTC with cryptomachia, evggx, and DisenceOfficial to discuss Espresso's design approach to scaling and composability.
Patched a critical bug in the Jellyfish cryptographic library that could allow incorrect ZKP comparison results, with the fix released as jf-relation-v0.5.0.
Hosts a community call scheduled for January 29th, 2026 at 11am ET to discuss new team members, an upcoming hackathon, a new crosschain mint feature, and LitVM integration.
Closed ESP token airdrop claims February 12, 2026, requiring Authena KYC verification.
Raised over $60M in funding, backed by a16z Crypto, Sequoia, and Polychain.
Co-founder Jill Gunter participates in SEC Crypto Task Force roundtable alongside representatives from Zcash, Aleo, Starkware, and other major crypto projects.
Listed among projects planning major Token Generation Events (TGEs) in 2026 rather than rushing to market in Q4 2024.
Co-founder Jill Gunter's personal wallet has been hacked with funds routed through Railgun.
Launched PoS network on 2026-02-19 with 2-second finality, 100+ nodes, supporting 5MB blocks across 20+ chains.
Presto launches as one-click crosschain minting with ApeChain integration, enabling payment on RariChain through Rarible partnership. Integrated across 20+ chains.
Integration with Rarible enables cross-chain minting functionality on the NFT marketplace platform.
Airdrop features 40 different qualification methods, using Holder Score methodology based on historical holding behavior, with reduced allocations for quick sellers.
Featured in SEC-hosted roundtable on privacy and crypto surveillance standards on December 15, moderated by Hester Peirce (SEC crypto task force head), alongside other privacy ecosystem projects including Aleo, Predicate, and SpruceID.
Airdrop registration opens December 22, closes 2026-02-09 for eligibility to ERA holders, stakers, and Caldera x Espresso ecosystem users.
Partnership announced with Superposition to develop Longtail Pro, a cross-chain Central Limit Order Book featuring real-time order matching and instant finality.
Partnership with Bantr for a leaderboard competition distributes 600K $ESP tokens to top 100 participants.
Demonstrates Presto application at EFDevcon that enables one-click NFT minting on ApeChain using funds from RariChain without bridging, revealing integration with RariChain.
Demonstrates an Espresso project deployed on autogen at EFDevcon booth on Nov 20 in collaboration with NodeOpsHQ.
Secures over $1 billion in value across 20+ chains on Ethereum's rollups.
Launched Mainnet 1 in November 2024 with $ESP token, TGE, and 2-second finality. Transitions to permissionless validator set via Proof-of-Stake upgrade, supporting 100 nodes with integrations to ApeChain, Arbitrum, AltLayer, and Caldera. $ESP token, with a total supply of 3.59 billion, trades on Arbitrum via Uniswap.
Research collaboration with Succinct, EPFL, and NYU publishes Tensorswitch paper this week, introducing a next-generation polynomial commitment scheme with improvements to speed, cost, and proof size in proving systems.
Hosts a Dev Café event on Nov 18 at EFDevcon Buenos Aires in collaboration with Offchain Labs and ApeChainHUB, featuring developer chats and community engagement.
Featured at OpenZeppelin's flagship Convergence summit on Nov 21 at EFDevcon Buenos Aires with leaders from Ethereum Foundation, Uniswap, Circle, Chainlink, Arbitrum, and other major protocols.
A new preconfs mini-narrative forms in the market with 42.7% mindshare increase over the last 7 days, led by Espresso.
$CTSI stakers qualify for rewards at the $ESP TGE based on the previous Cartesi integration with Espresso.
The airdrop program expands to include Hyperlane users, with the Espresso Foundation rewarding loyal users of the crosschain protocol.
Mainnet 1.0 launches alongside the $ESP token launch, concurrent with the Bantr leaderboard campaign.
Leaderboard goes live on Bantr with 600,000 $ESP tokens in rewards for a campaign running October 30 to November 30, counting user activity since May 30.
ApeChain achieves full integration with Espresso mainnet, with all transactions now gaining finality within seconds rather than 12+ minutes. The BAYC-backed chain home to ApeCoin now brings scale to Espresso's base layer.
Rufus, the platform powering DogelonMars' AI-driven metaverse, integrates with Espresso to enable fast finality and cross-chain metaverse functionality.
A representative from ApeChain joins as a special guest for the monthly community call on October 2, indicating a potential collaboration or partnership. The project also mentions an ongoing contest with mint.gg platform.
Upgrading HotShot consensus to proof-of-stake decentralization.
Espresso is listed among projects expected to have a Token Generation Event in Q4 2024.
CEO Ben Fisch participates in a high-profile panel at Korea Blockchain Week alongside founders of Polygon and Succinct Labs, discussing the future of Layer 2 infrastructure and positioning the project as a key pillar in Web3's infrastructure development.
Hosted community meetup at Korea Blockchain Week in Seoul on September 20, featured in Bloomingbit.
Charles Lu from the project participates in Builder Nights event during Ethereum Japan, discussing developer toolings alongside representatives from Linea Build and Oasis Protocol, indicating Japanese market expansion and developer ecosystem engagement.
Completed token sale through Kaito Capital Launchpad at $400M USD valuation, remains unlisted along with 7 other projects as of September 2025.
The Ethereum Foundation recognizes Hydrangea protocol as state-of-the-art fast finality technology, coinciding with increased focus from major industry players including Solana, Circle, and Stripe entering the fast finality space.
Permissionless Proof of Stake functionality is expected to launch soon as an upcoming protocol development.
Industry observer favorably positions the project alongside Ethereum and Celestia as a preferred base layer for appchain development.
Market sentiment shows 8% decline in bullish outlook, while competing infrastructure projects face similar downward trends ranging from -4% to -36%.
Six teams complete accelerator program and prepare to showcase new cross-chain applications at upcoming Demo Day.
Active scam alert: Fake airdrop websites targeting community members while token remains unlaunched.
Technical infrastructure enables sub-1 second payment confirmations through modular design, offering potential security advantages over Base for payment processing.
Official Korean market expansion launches with new community channels and planned Korea Blockchain Week presence.
Korean expansion launches with dedicated social channels and planned Korea Blockchain Week presence.
Capital Launchpad participants receive doubled allocation, reducing effective valuation to ~200M with 50% TGE unlock.
Token sale participants receive immediate-unlock bonuses: 25,000 ESP base, 33% of pledge amount, and 10% extra for Composable holders.
Kaito ecosystem participants earn passive token allocations with options to increase exposure through new mechanisms.
Launchpad pledging period closes with 1.3x oversubscription, showing moderate investor interest despite zero-TGE concerns.
Token sale fails to reach target amid weak sentiment and declining mindshare, with $400M FDV and 2-year vesting terms proving unpopular.
Token sale allocation may prioritize early sKaito stakers, with distribution tiers based on time-weighted staking amounts.
Token sale reaches $1.5M (37.5% of $4M target) with investor resistance to zero-TGE unlock structure potentially impacting raise velocity.
Market shows strong preference for immediate liquidity as competitor Theoriq reaches full subscription after removing vesting, while maintaining restrictive vesting schedule results in significant undersubscription.
Large 13k trade executed, potentially in error, indicating market volatility.
Global expansion initiative begins with Asia-focused ambassador recruitment program to connect with regional builders.
Token sale pledging delayed by 2 days following community feedback; now conflicts with Theoriq raise.
Token unlock structure reveals 50% immediate unlock after 1-year lockup, remaining 50% linearly vested over second year.
Token sale launches with $400M valuation and mandatory KYC requirements for participation.
Initial token distribution implements full 12-month lock-up period for both retail and VC investors with 0% TGE unlock.
Capital formation launchpad launching tomorrow with 4M initial raise.
Launch allocation already secured by whales/VCs; Kaito charging $200k fee distributed to stakers.
Flagship NFT collection fails to mint out while blockchain explorer shows zero confirmed blocks and no functional applications.
Mandatory KYC requirements and current market comparisons showing most projects trading below $100M market cap indicate significant overvaluation at $400M initial valuation.
Token vesting structure reveals 12-month cliff for 50% of tokens, followed by 12-month linear vesting for remainder.
Token distribution structure reveals restrictive vesting with 0% TGE unlock, 50% after 12 months, and remaining 50% vested over additional 12 months through Kaito launchpad.
New $4M token sale launching on Kaito platform with distribution focused on early supporters and NFT holders, without traditional liquidity bootstrapping.
Token launch reveals strict vesting schedule with 24-month full unlock period and previous Series B valuation estimated below $180M, indicating significant valuation jump from private rounds to public sale.
Token raise targets $400M initial market cap on Kaito Capital Launchpad.
Raises $63M from a16z, Electric Capital, and Polychain, with security layer powered by Eigenlayer.
Secured position as inaugural project launch on Kaito launchpad
Community rewards structure excludes leaderboard system to focus on genuine participation.
New launchpad integration confirmed on Kaito platform with potential token rewards for participants.
New community launchpad partnership formed with Kaito and Theoriq.
Confirmation layer achieves widespread adoption with active integrations across eight major protocols including Caldera, Cartesi, Across Protocol, and Ankr RaaS for fast finality and secure bridging.
$ESP token launching on Kaito Capital Launchpad with live integrations across Arbitrum Orbit, OP Stack, and Polygon CDK platforms.
New integration partnership established with RariChain focusing on cross-chain creator empowerment.
Mainnet launch confirms pivot from shared sequencing to confirmation layer, now providing BFT consensus and native data availability for rollups while maintaining Ethereum settlement.
Confirmation layer now focuses on decentralized BFT consensus and L2 block finality, pivoting away from shared sequencing due to market demands while maintaining Ethereum settlement.
Confirmed presentation at EthCC in Cannes on July 3, focusing on decentralized infrastructure and smart automation.
New Layer3 campaign launches with $50K USDC rewards pool and 529K+ active users.
Secures $15M from Founders Fund and Sequoia as part of $25M total raise, while achieving milestone of 100+ live Ethereum rollups and new partnerships with Modular Cloud and SupraOracles.
Integration with Celo platform planned for implementation as part of Celo's upcoming roadmap.
Confirmation layer now supports onchain CLOB development with direct Ethereum settlement integration.
Joins Union Fellows program, securing new institutional support for development.
New integration partnership with onappchain implements fast, decentralized confirmations for developer-focused chain.
Two new chains integrate for cross-chain functionality: MoltenL3 (UniDexFinance) and ApeChain (ApeCoin ecosystem)