Layer1 blockchain Shardeum announced that it has successfully raised $7.2 million in strategic funding from nearly 50 ECA participants from 9 countries, with a valuation of $2.489 billion. Shardeum's test network has over 35,000 validators, 549,000 smart contracts, and 5 million transactions at its peak.

Layer1 blockchain project, Shardeum, has announced the release of its white paper on X platform. Shardeum completed a seed round financing of $18.2 million in October last year, followed by a strategic financing of $5.4 million in July this year.