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International Business Times

Business

Marvie Basilan

Waterfall Network Raises $11.6M As The Most Scalable And Decentralized EVM Compatible Layer-1 Network

blockchain Ethereum Bitcoin

Waterfall Network has higher max TPS than the Bitcoin, Ethereum, and Solana chains. (Credit: Waterfall Network on X)

KEY POINTS

Waterfall's fresh funding was from Bolt's Capital, Alpha Token Capital, and Enflux
Waterfall experienced a 338% growth surge TVL within its first month
Chainspect data shows that Waterfall's max TPS is 866x more than the Bitcoin network

Waterfall Network, touted as the most innovative Layer 1 (L1) decentralized and scalable ledger, today announced it has raised $11.6 million from Bolt's Capital, Alpha Token Capital, and Enflux, providing the ledger with funds to advance its research and development.

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