Waterfall Network Secures $11.6 Million Funding, Bolsters Performance Capabilities

Key Funding Round Details

Waterfall Network recently announced a successful funding round, raising $11.6 million led by Bolt’s Capital. Additional contributions came from Alpha Token Capital and Enflux. The funds are earmarked for infrastructure enhancements, simplification of node operations, and scalability improvements.

Impressive Transaction Speeds

Waterfall Network demonstrated its high-speed blockchain performance by achieving 12,778 transactions per second (TPS). This feat underscores its capability for rapid and efficient transactions.

Enhanced Blockchain Compatibility

Positioned as a scalable and decentralized layer-1 blockchain compatible with the Ethereum Virtual Machine (EVM), Waterfall Network offers a seamless transition for Ethereum-based decentralized applications (DApps). This compatibility provides developers and users with a user-friendly platform.

Integration with Chainspect

Waterfall Network recently integrated with Chainspect, a blockchain analytics platform, to offer detailed performance metrics for investors and adopters. Data from Chainspect indicates that Waterfall outperforms other networks like Solana and Aptos in scalability metrics.

Growing Validator Network

With 8,647 active validators as of December 2024, Waterfall Network is the third-largest decentralized proof-of-stake (PoS) network globally. This growth signifies the network’s increasing popularity and operational efficiency.

Positive Industry Response

Sergii Grybniak, CTO of Blue Wave and Head of Research at Waterfall, expressed confidence in the network’s potential to enhance scalability and operational efficiency. The recent investment attests to Waterfall Network’s promising future in the blockchain space.

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