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Monad raised $225M in a funding round led by Paradigm to build a parallel EVM with 10,000 TPS.

Monad raised $225M in a funding round led by Paradigm to build a parallel EVM with 10,000 TPS.

04/14/24, 2:05 PM
Money raised
$225 million
Round Type
series b
Investors
Paradigm
Monad, a layer-1 blockchain compatible with Ethereum’s EVM, raised $225 million in a round led by Paradigm to develop a more performant EVM capable of 10,000 TPS.
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Company Info

Company
Monad
Additional Info
Monad is developing a parallel EVM with the promise to deliver a much more performant EVM, hitting 10,000 transactions per second in testing.
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