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Litheum Completes $750 Thousand Strategic Financing, Plans to Launch Testnet

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May 6, 2025

Litheum, a next-generation L1 blockchain protocol, has completed a strategic financing round of $750,000 led by Alphemy Capital and Amber Group. The funds will support the launch of its testnet planned for the next quarter, which is a step towards its mainnet release. Litheum features an innovative Proof-of-Performance (PoP) consensus mechanism designed to enhance on-chain performance and cost efficiency while maintaining security and decentralization by incentivizing core network nodes and dynamically adjusting block size and transaction fees.

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