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Mar 17, 2022 | Tools

Ethereum scaling solution startup Optimism reached a $1.65 billion valuation after raising a $150 million Series B round. The Ethereum network is in high demand, mainly due to an explosion of DeFi, peer-to-peer lending, borrowing, and trading, plus NFTs — unique tokens that represent digital item ownership. This has resulted in high gas fees and network sluggishness.

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