Monad Labs is propelling the Ethereum Virtual Machine (EVM) forward, aiming to enhance the performance and scalability of decentralized applications (dApps) globally. The EVM is the ubiquitous standard in Web3, with over 96% of all capital in decentralized finance (DeFi) residing in EVM-based applications. Despite its widespread adoption, EVM-compatible blockchains suffer from low throughput, with Ethereum supporting approximately 10 transactions per second (tps) and no EVM rollup surpassing 50 tps.
Monad: A Solution for EVM Scalability
Monad Labs addresses this challenge with Monad, a high-performance Layer-1 blockchain that introduces parallel execution and superscalar pipelining to the EVM. Achieving deep optimization across all levels of the blockchain stack—from the database layer to the virtual machine layer and the consensus and networking layer—is crucial for streamlining EVM transaction processing. Monad implements these low-level optimizations, enabling consumer-grade hardware to deliver exceptional performance while maintaining a high degree of decentralization.
Discover more about “What is Monad?“
$225M Funding Milestone
Monad Labs has successfully raised $225 million in funding, led by Paradigm. This significant financial milestone provides Monad Labs with ample resources to expand their team and advance Monad to production. Other prominent institutional investors include Electric Capital, Castle Island Ventures, Greenoaks, eGirl Capital, Rebirth Ventures, Amber Group, Animoca Ventures, Archetype, Bankless Ventures, Big Brain Holdings, Bodhi Ventures, Breed, Caladan, CMS Holdings, Coinbase Ventures, CoinFund, DBA, Edessa Capital, Figment Capital, Flow Traders, Galaxy, GSR Ventures, Hailstone Labs, Hermeneutic Investments, HTX Ventures, IOSG Ventures, Lightspeed Faction, Makers Fund, Manifold Trading, Merit Circle, Mirana Ventures, Nascent, Presto Labs, Robot Ventures, SevenX Ventures, Shoe on Ventures, Superscrypt, Tess Ventures, Wintermute Ventures, and others.
Support from Angel Investors
Angel investors who have contributed to Monad Labs’ vision include notable figures such as Inversebrah, Ansem, Hsaka, punk6529, Saquon Barkley, Eric Wall, Rune Christensen, Bryan Pellegrino, Robinson Burkey, Luca Netz, Mert Mumtaz, Shoku, and others.
Gratitude to Supporters and the Monad Community
Monad Labs expresses immense gratitude to its new and previous supporters, as well as the dedicated Monad Community, for their unwavering support in their mission to revolutionize EVM performance and scalability.
About Monad Labs
Monad Labs is committed to accelerating the Ethereum Virtual Machine by introducing groundbreaking optimizations that significantly enhance transaction throughput and overall blockchain performance. Their innovative approach ensures that decentralized applications can operate at unprecedented speeds, paving the way for broader adoption and more robust Web3 ecosystems.
Conclusion
The $225 million funding round marks a pivotal moment for Monad Labs as they continue to push the boundaries of what’s possible with EVM technology. With strong backing from both institutional and angel investors, Monad Labs is well-positioned to deliver on their promise of a more scalable and efficient blockchain infrastructure.
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