Monad Labs Secures $225 Million in Paradigm-Led Funding Round

The funding round, which included Coinbase Ventures and Electric Capital, positions Monad Labs to compete with Ethereum and Solana.

Monad Labs has successfully raised $225 million in a funding round led by Paradigm, aiming to challenge Ethereum and Solana with its Layer 1 blockchain.
The funding round saw participation from notable investors including Coinbase Ventures, Electric Capital, and Greenoaks, among others.
Monad's innovation focuses on rebuilding Ethereum's blockchain from the ground up, optimizing for faster transactions, higher volumes, and lower costs.
The project, which is compatible with the Ethereum Virtual Machine, has reached 10,000 transactions per second in internal testing.
Monad Labs plans to launch its public testnet soon, with a mainnet release anticipated later in the year.