what's offchainlabs?
Offchain Labs is a venture-backed blockchain company founded at Princeton, specializing in Ethereum scaling solutions through the Arbitrum optimistic rollup technology. It develops tools like Arbitrum Orbit, Stylus, and Nitro to enhance scalability, performance, and developer usability in decentralized applications. The company also acquired Prysmatic Labs to advance Ethereum consensus clients, contributing to a robust ecosystem for DeFi, gaming, and beyond.
Offchainlabs rolled out ArbOS Dia for better gas/throughput and increased ARB token purchases.
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x.com/offchainlabsIncreased ARB token purchases, citing growing TVL and ecosystem expansion as reasons for the accumulation.
Launch coming soon across all Ethereum EVM chains, offering sub-3 second crosschain swaps and transfers with single-click wallet prompts and trustless infrastructure.
Succinct's SP1 ZK verification system successfully verifies on Arbitrum blocks with full Ethereum ecosystem compatibility, marking a milestone in the partnership with SuccinctLabs to transition Arbitrum to ZK verification.
Timeboost feature generates $4M revenue for Arbitrum DAO since late April activation, projecting $15M annually based on 7-day moving average.
Completed core contract audits with LiFi Protocol and OpenZeppelin, deployed crosschain broadcaster for trust-minimized settlement, and added RelayProtocol and Polymer_Labs as core contributors to Open Intents Framework.