Can Cloudflare do what Optimole does?!

Hi all, we use wpengine, and have the cloudflare CDN setup.

A developer is looking at our site and recommended we use optimole to speed up image loading - my question is, can cloudflare do the same if we upgrade our plan from the free version? Confused and just looking for some clarity here. Ideally we would use just the one rather than setting up different plans with different CDN providers but not sure if cloudflare has the same functionality at optimole?

thanks for your help in advance.

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