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Monad is a high-performance L1 blockchain network that implements parallel deferred transaction processing and the BFT consensus principle. It offers users extremely low gas fees and high transaction speeds while being fully EVM and RPC compatible, enabling any EVM developer to seamlessly integrate the network into their dApps.
On May 21st, 2024, Monad Labs closed a strategic funding round from OKX Ventures; however, the amount of funds raised remains undisclosed.