Offchain Labs raised $120M Series B in Aug 2021 led by Lightspeed at $1.2B and became the dominant L2 by usage and TVL. Airdrop in Mar 2023 was one of the largest ever, opened ARB near $10 and it has been sliding almost every month since. The chain is genuinely the workhorse of Ethereum L2s, the token never got paid for that..