# Olivenetwork

**Source:** https://www.startuphub.ai/startups/olivenetwork
**Profile type:** Startup

> Olive Network was an Ethereum Layer 3 chain focused on DeFi, now defunct.

## About

Olive Network was an Ethereum Layer 3 chain designed to be EVM compatible, with native ETH staking and restaking. It aimed to reduce costs significantly by leveraging Eigen DA for data availability and Arbitrum L2 as a settlement layer, offering gasless transactions for developers. The project was formerly known as Polysynth, a decentralized structured derivatives protocol. The company has since shut down.

## Key facts

- **Slug:** olivenetwork
- **Website:** https://olivenetwork.xyz
- **Founded:** 2026-05-27
- **Operating status:** Active
- **Sectors / tags:** Ethereum Layer 3, DeFi, Blockchain, Cryptocurrency, Web3

## Frequently asked

### What does Olivenetwork do?

Olive Network was an Ethereum Layer 3 chain designed to be EVM compatible, with native ETH staking and restaking. It aimed to reduce costs significantly by leveraging Eigen DA for data availability and Arbitrum L2 as a settlement layer, offering gasless transactions for developers. The project was formerly known as Polysynth, a decentralized structured derivatives protocol. The company has since shut down.

### What is Olivenetwork's Effective Domain Rating?

StartupHub's Effective Domain Rating for Olivenetwork is 18 out of 100, measuring real cross-surface visibility in search engines and AI answers rather than claimed link authority. That is fairly rated against its Ahrefs Domain Rating of 7.

### Is Olivenetwork trustworthy and reputable?

StartupHub's Data Trust & Reputation score for Olivenetwork is 26 out of 100, based on site security posture and privacy practices.

### When was Olivenetwork founded?

Olivenetwork was founded in 2026.

### What industry does Olivenetwork operate in?

Olivenetwork operates in Ethereum Layer 3, DeFi, Blockchain, Cryptocurrency, Web3.

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