The Monad L1 blockchain aims to overtake the industry of EVM-compatible networks, offering an impressive 10,000 TPS carrying capacity while being seamlessly implemented with any Ethereum dApp and RPC non-custodial wallet. This is achieved by integrating significant changes in the consensus mechanism and transaction execution processes.
On February 14th, 2024, Monad Labs closed a $17M Seed funding round from Dragonfly Capital, Shima Capital, and over 70 additional angel investors and crypto funds, which were not disclosed in the round announcement.
| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| Very High | 2.35x | 39 | ||
| N/A | 0.38x | 17 | ||
| High | 0.32x | 16 |