The Daily Hodl
2024-04-09 18:41:24

Investment Firm Paradigm Leads $225,000,000 Raise for New Layer-1 Blockchain Monad

A new layer-1 (L1) Ethereum Virtual Machine (EVM) compatible blockchain is raising hundreds of millions of dollars in funding. According to a new announcement from Monad Labs, the Monad blockchain, a new EVM-compatible L1, aims to increase EVM-based transactions per second (TPS). “The EVM is the ubiquitous standard of web3; over 96% of all capital in The post Investment Firm Paradigm Leads $225,000,000 Raise for New Layer-1 Blockchain Monad appeared first on The Daily Hodl .

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