Monad Labs Could Receive Over $200 Million
March 12, 2024
Monad Labs is planning a funding round of over $200 million led by venture capital firm Paradigm, which will provide $150 million in support for the project at a corporate valuation of $3 billion. Monad is a high-performance Ethereum-compatible L1 network that introduces optimizations in four main areas, resulting in blockchain speeds of 10,000 transactions per second (tps).
