Monad Labs is accelerating the Ethereum Virtual Machine so that decentralized apps can eat the world.
The EVM is the ubiquitous standard of web3; over 96% of all capital in DeFi is in EVM apps. In spite of this, EVM-compatible blockchains have extremely low throughput: Ethereum supports roughly 10 transactions per second, and no EVM rollup is over 50 tps.
We are solving this problem with Monad, the performant Layer-1 blockchain that introduces parallel execution and superscalar pipelining to the EVM.
Deep optimization is needed across all levels of the stack - from the database layer, to the virtual machine layer, to the consensus and networking layer - in order to streamline EVM transaction processing. Monad introduces these low-level optimizations, allowing consumer-grade hardware to deliver exceptional performance while maintaining a high degree of decentralization.
Today, we are thrilled to announce our $225M fundraise, led by Paradigm. This funding milestone gives us ample resources to continue scaling our team and to bring Monad to production.
Other 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.
Angel investors include Inversebrah, Ansem, Hsaka, punk6529, Saquon Barkley, Eric Wall, Rune Christensen, Bryan Pellegrino, Robinson Burkey, Luca Netz, Mert Mumtaz, Shoku, and others.
We are so grateful to our new and previous supporters, as well as to the incredible Monad Community, for their steadfast support in our mission.
We look forward to a future where decentralization meets performance, and invite you to follow along on our journey on Twitter: https://twitter.com/monad_xyz
If you are passionate about performant system engineering, we are hiring: https://boards.greenhouse.io/monad