Monad raised $225M in a funding round

April 9, 2024

Layer-1 blockchain Monad raised $225M in a funding round led by Paradigm, with participation from Coinbase Ventures, Electric Capital, Greenoaks Capital, Castle Island Ventures, eGirl Capital.

Monad is a new proof-of-stake (PoS) Ethereum Virtual Machine (EVM) compatible Layer 1 blockchain designed to improve the overall Ethereum ecosystem; and decentralized computation platform. Monad offers throughput that is orders of magnitude higher than any existing smart contract blockchain, supporting 10,000 smart contract transactions per second (tps) through algorithmic improvements to virtual machine design and Byzantine Fault Tolerant (BFT) consensus mechanisms.

You can find all funding rounds, links, and details on the project page Monad