Iron Fish to End Testnet Phase 3 Early on February 25th

Iron Fish, the Web3 privacy layer, announced that it will end the third phase of the testnet early on February 25th. The third phase of the testnet was originally scheduled to end on March 7th. According to Iron Fish, users have minted more than 300,000 assets at this stage, and the network hosts more than 60,000 concurrent nodes. According to Iron Fish, the third phase was ended early because the excessive system traffic often caused the API to be paralyzed, and a lot of engineering time was being spent to fix it. The Iron Fish team will focus on launching the mainnet. In November 2021, Iron Fish completed a 27.6 million round A financing, led by a16z, and other investors include Sequoia Capital, Alan Howard, etc.