Waterfall Network announced Thursday that it had raised $11.6 million in a funding round led by Bolt’s capitalwith additional contributions from Alpha Token Capital And Influx.
The funds will be used to improve the platform’s infrastructure, simplify node operations and improve its scalability.
The funding comes after Waterfall Network reached 12,778 transactions per second (TPS), demonstrating its ability to deliver high-throughput blockchain performance, according to a press release shared with Benzinga.
Waterfall Network is positioned as a scalable and decentralized layer 1 blockchain compatible with Ethereum Virtual machine (EVM).
This compatibility facilitates the migration of Ethereum-based decentralized applications (DApps), providing developers and users with a simplified and user-friendly platform.
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Cascade also recently integrated into Chainspecta blockchain analytics platform, to provide detailed performance metrics to investors and adopters.
Chainspect data suggests that Waterfall outperforms other notable networks, including Solana And Aptosin scalability metrics.
Waterfall’s validator network continues to grow, with 8,647 active validators reported as of December 2024, positioning it as the third largest decentralized proof-of-stake (PoS) network in the world in terms of number of validators.
Sergii GrybniakCTO of Blue Wave and Head of Research at Waterfall, said: “This investment demonstrates the network’s potential to improve scalability and operational efficiency. »
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