# OP Labs PBC

> OP Labs PBC is the core software development company behind Optimism, an Ethereum Layer 2 network, and the OP Stack, the open-source framework that powers the Superchain - a network of blockchains including chains launched by Sony, Uniswap, Kraken and (until 2026) Coinbase's Base. Founded in 2019 out of the nonprofit Plasma Group, OP Labs raised $178.5M from Paradigm and a16z at a $1.65B valuation and structures itself as a Public Benefit Corporation committed to scaling Ethereum's technology and values, including funding open-source public goods.

- **Founded:** 2019
- **Headquarters:** New York, United States (remote-first)
- **Founders:** Jinglan (Jing) Wang (Co-founder; former CEO of Optimism PBC, now CEO/Executive Director of the Optimism Foundation), Karl Floersch (Co-founder; CEO of OP Labs (since May 2023)), Benjamin Jones (Co-founder), Kevin Ho (Co-founder)
- **Team size:** ~94 employees (2026 estimate); remote-first with a New York hub
- **Products:** OP Stack, OP Mainnet (Optimism), Superchain, OP Enterprise, Fault Proof System
- **Notable:** OP Stack powers over 65% of Ethereum Layer 2 activity, adopted by Sony, Coinbase, Kraken, Uniswap, OKX and hundreds of other companies, Raised $178.5M total from Paradigm and a16z; valued at $1.65B in March 2022, Saved Ethereum users over $1 billion in gas fees by early 2022

## Products & services

- **OP Stack** — Open-source, modular software framework for deploying Ethereum-equivalent optimistic rollup blockchains with standardized components.
- **OP Mainnet (Optimism)** — Flagship Ethereum Layer 2 network using optimistic rollups to cut fees and increase throughput; mainnet publicly launched December 2021.
- **Superchain** — A network of OP Stack chains sharing security, a governance layer and (in progress) native interoperability - including chains from Sony, Uniswap, Kraken and others.
- **OP Enterprise** — Enterprise-grade, customizable and fully managed blockchain infrastructure for exchanges and fintech firms; Kraken's Ink is a flagship multi-year customer.
- **Fault Proof System** — Permissionless fault proofs that brought OP Mainnet to Stage 1 decentralization on L2BEAT's framework.
- **Flashblocks** — Performance upgrade reducing effective block times from 2 seconds to 250 milliseconds.

## Achievements

- OP Stack powers over 65% of Ethereum Layer 2 activity, adopted by Sony, Coinbase, Kraken, Uniswap, OKX and hundreds of other companies
- Raised $178.5M total from Paradigm and a16z; valued at $1.65B in March 2022
- Saved Ethereum users over $1 billion in gas fees by early 2022
- Shipped permissionless fault proofs, making OP Mainnet one of the first major Stage 1 optimistic rollups (June 2024)
- Pioneered Retroactive Public Goods Funding - 850M OP (20% of supply) reserved, 60M+ OP already distributed to open-source contributors
- Superchain processed ~6 billion transactions in 2025 (2.47B in H1, 3.60B in H2)
- Flashblocks upgrade cut block times from 2s to 250ms (September 2025)

## Latest updates

- **2026-04** — Native Superchain interoperability went live on devnet, with mainnet targeted for the Pectra-aligned upgrade window later in 2026.
- **2026-02** — Coinbase's Base announced migration off the OP Stack to in-house technology; OP token fell ~25%. Base continues as an OP Enterprise customer.
- **2026-01** — Kraken's Ink entered a multi-year agreement for OP Enterprise's fully managed tier, anchoring OP Labs' enterprise infrastructure push.
- **2025-09** — Flashblocks launched, cutting block times from 2 seconds to 250 milliseconds.
- **2024-06** — Permissionless fault proofs went live on OP Mainnet, reaching Stage 1 decentralization.

## Links

- Website: https://www.oplabs.co
- LinkedIn: https://www.linkedin.com/company/oplabs
- Twitter/X: https://x.com/OPLabsPBC
- GitHub: https://github.com/ethereum-optimism

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Profile page: https://yespress.io/op-labs-pbc
Published by YesPress — https://yespress.io
Last updated: 2026-07-18