Offchain Labs - Company Research Report

Company Overview

• Name: Offchain Labs

• Mission: Scaling Ethereum without compromise by building cutting-edge scaling solutions for Ethereum.

• Founded: 2018

• Founders:

• Ed Felten (Co-Founder & Chief Scientist)

• Steven Goldfeder (Co-Founder & CEO)

• Harry Kalodner (Co-Founder & CTO)

• Headquarters: New York, New York, USA, with locations in Princeton, New Jersey.

• Number of Employees: 51-200 employees

• Revenue: No information is available

• Known for: Developing Arbitrum, a leading Ethereum network scaling solution, and the acquisition of Prysmatic Labs.

Products

Arbitrum One

• Description: A public Rollup chain built on Ethereum using rollup technology.

• Key Features:

• Provides a secure and scalable environment for decentralized applications (dApps).

• Uses fraud-proof technology and is fully EVM equivalent for minimal migration hassles.

Arbitrum Nova

• Description: A public AnyTrust chain designed for high transaction volume applications.

• Key Features:

• Utilizes AnyTrust technology for ultra-low transaction costs.

• Supports various applications requiring high security and low fees.

Arbitrum Orbit

• Description: A platform for launching customizable Layer 2 and Layer 3 chains.

• Key Features:

• Offers unparalleled customization using Orbital Chains.

• Built on the advanced Arbitrum Nitro stack, providing optimal scaling technology.

Prysm

• Description: Ethereum consensus client supporting Ethereum’s decentralized ecosystem.

• Key Features:

• Allows users to run Ethereum nodes or become validators.

• Integrated seamlessly with Arbitrum’s layer 2 solutions for enhanced performance.

Stylus

• Description: Programming environment for deploying smart contracts.

• Key Features:

• Supports EVM-compatible smart contracts in languages like Rust, C, and C++.

• Provides up to 10x computational efficiency and 100x memory improvement.

Recent Developments

• ArbOS 20 “Atlas” Launch: Introduced in March 2024, supports Ethereum Dencun update with EIP-4844 and reduces L2 transaction costs for Arbitrum chains.

• Reflecting on 2023: Offchain Labs highlights key achievements including Arbitrum Orbit, governance relinquishment to Arbitrum DAO, and advancements in Stylus technology.

• Stylus Now Live: As of August 2023, offers smart contract programming in popular languages with new high-performance possibilities on Arbitrum Nitro chains.

• Prysm + Offchain Labs Anniversary: Celebrated one year of acquiring Prysmatic Labs with advancements in Ethereum core development and contributions to Arbitrum frameworks.

• Partnerships: Collaborated with companies like Espresso Systems for transaction sequencing and Ex Populus for developing the Xai blockchain for gaming.

Partnerships and Collaborations

• Prysmatic Labs Acquisition: Acquired in October 2022, enhancing Ethereum's consensus client development and integration with Arbitrum.

• Collaboration with Xai Foundation: Supporting the development of a gaming-focused Layer 3 solution on Arbitrum Orbit.

• Arbitrum Expansion Program: Established to expand the deployment of the Nitro software on new blockchains settling on Arbitrum.

This detailed report encapsulates the essential elements of Offchain Labs, focusing on their role in Ethereum scaling technologies through various innovative products and strategic developments.