Odaily News: Layer 1 blockchain project Shardeum announced on Twitter that Sphinx Dapp version 1.5.4 has been launched. This update includes speculative fixes to improve the recovery rate of complex smart contract invocations. Users may encounter a bug that causes complex transactions (such as AMM) to fail due to recovery errors 50% of the time. The solution to this bug will be given priority in the next version.



Previously on July 8th, Shardeum completed a strategic financing round raising $5.4 million. The company plans to use these funds to strengthen its ecosystem and prepare for the mainnet launch by the end of 2023. Participants in this financing round include Amber Group, Galxe, J17 Capital, TRGC, Jsquare, Bware Labs, Tané Labs, Hyperithm Group, and Luganodes. A Shardeum spokesperson stated that the company's latest valuation is $248 million.



In March of this year, Shardeum announced the start of a $5 million strategic financing round. Prior to this, they had raised $18.2 million in seed funding from companies such as Spartan Group, Big Brain Holdings, Jane Street, and Foresight Ventures.