Succinct Labs & Optimism Partner to Tackle ZK Rollups

Succinct Labs and Optimism Join Forces to Tackle ZK Rollups

In a recent announcement, Paradigm-backed startup Succinct Labs revealed its collaboration with OP Labs, the primary contributor to the Optimism protocol. According to The Block, this partnership aims to address zero-knowledge (ZK) rollups. Succinct Labs highlighted their multi-month relationship in an X (formerly Twitter) post, sharing key insights into their progress.

The Two-Step Integration: OP Succinct

The outcome of this collaboration, OP Succinct, offers a streamlined solution to upgrade any OP Stack chain to utilize ZK proofs—a cryptographic protocol—within an hour, as explained by Succinct Labs. The system features a two-step integration process, requiring minimal code, and can be easily integrated into existing deployments, including rollup-as-a-service setups.

Optimism Protocol: A Leading Layer-2 Solution

Optimism is a top Layer-2 network built on Ethereum (ETH), designed to enable faster and cheaper transactions while maintaining the security and compatibility of the Ethereum mainnet. By using optimistic rollups, Optimism bundles multiple transactions into a single one, reducing the load on the Ethereum network, which results in lower transaction fees and faster processing times.

OP Succinct Outperforms Standard Optimistic Rollups

Succinct Labs emphasized that their approach significantly surpasses “standard optimistic rollups” in terms of speed and efficiency. Traditional optimistic rollups typically have a seven-day fraud-proof window and cost around tenths of a cent per transaction. The new OP Succinct integration offers a more efficient alternative, addressing these limitations.

“OP Succinct was built in close collaboration with OP Labs. From day one, the OP Labs team built the OP Stack to be modular and have a path to supporting a variety of validity mechanisms (not just optimistic fault proofs),” said Succinct Labs in a blog post.

Succinct Labs Secures $55M in Series A Funding

In March, Succinct Labs successfully raised $55 million in a combined seed and Series A funding round led by Paradigm. Other key investors included:

• Robot Ventures
• Bankless Ventures
• Geometry
• ZK Validator
• Sandeep Nailwal (Polygon co-founder)
• Daniel Lubarov (Polygon co-founder)
• Sreeram Kannan (EigenLayer founder)

The funding aims to advance ZK-proof technology, which has gained widespread popularity. This technology enables one party to prove the authenticity of a statement without disclosing any underlying information, enhancing privacy and security across various applications.