Kuru, the on-chain order book exchange of the Monad blockchain, announced the completion of a $2 million seed round of financing, led by Electric Capital, with participation from Brevan Howard Digital, CMS Holdings, Pivot Global, Breed, and Velocity Capital. The financing will be used to expand the team and prepare for the audit before the Monad testnet goes live. Kuru officials said that its order book DEX will leverage Monad's high throughput and fast block time to provide higher capital efficiency and tighter liquidity, and is expected to replace the AMM model.