MeloTools Image Optimizer makes your Media Library lighter without putting your originals at risk. Everything runs on your own server: there is no image limit, no account and no external service.
The plugin uses Imagick or GD on your web server. Images never leave your site. Which formats can be written depends on your host; the settings page shows whether WebP and AVIF are available. If one is missing, ask your host to enable Imagick or GD with that format.
The plugin does not contact any external service, does not track usage and loads nothing for visitors except the image files themselves.
This plugin is made by MeloTools, the maker of free online image tools.