According to TechFlow, Gradient Network, the open layer of edge computing in the Solana ecosystem, announced on the X platform that it has completed a new round of financing, with participation from Pantera Capital, Multicoin Capital, Sequoia Capital and others. The specific amount of financing and valuation data have not been disclosed yet.

The new funds will be used to advance its decentralized protocol and the development of solutions for converting computing power and staking across blockchain networks.