On December 13th, Waterfall Network, a smart contract platform, announced the completion of a new round of financing of $11.60 million, with the participation of Bolt's Capital, Alpha Token Capital and Enflux. The funds will be used to strengthen the platform's infrastructure, simplify nodes and further improve. Launched in July 2024, Waterfall Protocol is a Layer 1, scalable, decentralized smart contract platform developed by software development company BlueWave based on DAG technology and fast and final PoS consensus. It is compatible with the Ethereum Virtual Machine (EVM).