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| 0.25% | 0.56% | 2.80% | 9.17% | 21.76% | -- |
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This content is generated by RD AI and is for reference only
Fuel is a modular execution layer for Ethereum rollups, built on a custom FuelVM, using a UTXO model for parallel transaction processing to improve network efficiency. It offers the Sway smart contract language and Forc toolchain, enabling developers to easily build decentralized applications. Its hybrid proving mechanism combines optimistic verification and zero-knowledge proofs, balancing security and efficiency.
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About Fuel
Fuel was founded in 2019. In 2020, Fuel V1 launched on Ethereum mainnet as the first optimistic rollup and was among the first to reach Stage 2 security status, laying the foundation for its evolution. The team then shifted focus to a modular execution layer, and in February 2024 unveiled the "Rollup OS" vision — an operating system purpose-built for Ethereum rollups, focusing on parallelization, state minimization, and interoperability.
In May 2024, Fuel launched its final testnet on Sepolia, attracting nearly 2 million users, 1M+ contracts, and 25M+ transactions within months, validating the architecture. In early Q4, the Fuel Ignition mainnet went live, powered by FuelVM and a UTXO-based asset model, supporting parallel execution, native account abstraction, and inheriting Ethereum-grade security. The FUEL token was introduced simultaneously, with the Genesis Drop allocating 10% of total supply to over 200,000 addresses; the community received 20% of the initial supply, underscoring decentralization commitments.
Subsequently, tools like Fuel Agent Kit for AI agents expanded the Rollup OS ecosystem. These milestones chart Fuel's long-term path from a pioneering rollup to a high-performance execution-layer operating system.
Fuel (fuel.network) is an operating system for Ethereum rollups. Key team members:
- Nick Dodson: Co-Founder & CEO. Previously founded Fuel Labs.
- Brandon Kite: Co-Founder. CTO at Fuel Labs (since Apr 2023). Previously Senior Software Engineer at Disney.
- Mo Yang: Group CFO at Fuel Labs.
Note: Only these three have verified roles from provided sources. Other listed names (Nik, Ruben Amar) lack reliable confirmation.