You must know the top primary market projects that are about to explode
Monad, which raised $225 million
Interactive tutorial Reasons to participate: Monad was developed by the Pyth and Solana teams for more than two years. It is a high-performance L1 public chain that is compatible with Ethereum. According to official documents, the Monad project defines itself as a high-performance L1 compatible with EVM using the PoS mechanism, aiming to create a new public chain possibility paradigm through the simulated execution of Ethereum transactions. On the evening of April 9, 2024, Monad Labs announced the completion of a $225 million financing, led by Paradigm, with participation from Electric Capital and Greenoaks. As the most infringed Layer 1 project at present, Monad focuses on the concept of "Toy EVM" (Parallel EVM), hoping to introduce an execution layer extension content solution of "Toy Processing" to greatly improve the network execution efficiency under the premise of 100% compatibility with all EVM bytecodes.
Basic information: Monad is building a high-performance layer 1 blockchain for the next generation of decentralized applications. Its mission is to accelerate the disruptive power of decentralization by building a blockchain that is 100 to 1,000 times faster than its closest competitor, alleviate the serious bottlenecks of existing blockchains, and enable more complex applications and wider adoption.
Financing: Layer 1 blockchain Monad Labs has completed a $225 million financing led by Paradigm, with other investors including Electric Capital, Castle Island Ventures, Greenoaks, eGirl Capital, Amber Group, etc. Angel investors include Inversebrah, Ansem, Hsaka, punk6529, etc. This is the largest cryptocurrency financing in 2024. Monad founder Keone Hon said that Monad rebuilt Ethereum's blockchain from scratch, maintaining the ability to execute smart contracts while completing transactions at a faster speed, higher speed capacity and wider scope, fully supporting EVM. According to the RootData page, Monad aims to accelerate decentralization and alleviate bottlenecks of existing blockchains, enabling more complex applications and wider adoption by building a blockchain that is 100x to 1000x faster than the closest competitor.
