Binance's investment arm has backed aPriori, a liquid staking protocol on the Monad network focusing on miner extractable value (MEV). This move follows a surge of investments in the Monad network and its decentralized finance (DeFi) ecosystem. aPriori aims to incentivize validators on Monad by creating innovative liquid staking token and MEV mechanisms. Monad, an Ethereum Virtual Machine (EVM)-compatible L1 network, is designed for high-throughput applications. aPriori recently secured an $8 million seed round led by Pantera Capital, valuing the startup at over $100 million. Another liquid staking protocol on Monad, Kintsu, also closed a $4 million seed round. The Monad network has attracted significant funding, with Layer-1 blockchain networks raising nearly $400 million in the second quarter of 2024. Binance Labs Incubation Program incubated aPriori, one of the 65 projects launched by the crypto incubator. Read more AI-generated news on: https://app.chaingpt.org/news