According to PANews, Cecilia Hsueh, founder and CEO of Ethereum Layer2 project Morph, said that Morph is currently in the testnet stage and has accumulated 26 million transactions and 1.5 million wallet addresses.

The Morph mainnet and staking will be launched in the third quarter of 2024, and the mainnet will be updated in the fourth quarter to support account abstraction and Layer3.

Earlier on March 20, it was reported that Morph completed a US$19 million seed round of financing, led by DragonFly Capital.