Shardeum’s ITN Stage 3 Surpasses 15 Million Transactions Milestone

[PRESS RELEASE – New York, United States, December 10th, 2024]

Shardeum, an autoscaling EVM-based Layer-1 blockchain, has achieved a milestone with its Incentivized Testnet (ITN) Stage 3 surpassing 15 million transactions in just over 60 days since the launch of Stage 3. The rapid growth of Shardeum demonstrates increasing adoption. In addition, the ITN has also attracted over 17,000 validators, showcasing Shardeum’s low barriers to entry as a validator.

ITN Stage 3, initiated on October 1, 2024, is aimed at stress-testing the network under real-world conditions. With participation from both on-chain contributors and validators, the platform enables users to engage in quests, run validator nodes, and potentially earn exclusive rewards like XP, NFTs, badges, and $SHM airdrops.

Chris Chabot, VP of Developer Relations at Shardeum, remarked, “The rapid growth and adoption of Shardeum’s ITN is proof positive of the interest in our dynamic-state sharding solution. The scale and speed of transactions demonstrate our robust scalability as we gear up for the Mainnet launch. We want to continue to thank users and validators for their active participation in supporting our efforts to set a new standard for decentralized and scalable blockchain technology.

In addition to ITN Stage 3, Shardeum has facilitated multiple Bug Bounty Programs and Security Audits backed by $1M of rewards to validate the security and capabilities of the network diligently.

As Stage 3 progresses, participants can expect more opportunities to complete on-chain tasks, social challenges, and validator activities to further test the network’s capabilities. With continued momentum in ITN Stage 3 and significant developments on the horizon, including opportunities for the community to play an even bigger role in decentralizing the network through initiatives like the upcoming node sale, Shardeum is laying the groundwork for the next critical phase of its journey toward mainnet readiness.

For more information about their ITN, users can visit the website here: https://shardeum.org/

About Shardeum

Shardeum is an autoscaling EVM-based layer-1 blockchain. Dynamic state sharding helps keep gas fees low and TPS high as participation grows. Shardeum performs consensus at the transaction level and lowers the computational power needed for validator nodes. This consensus mechanism makes it possible for anyone to run a node while increasing decentralization.