According to filings with the U.S. Securities and Exchange Commission, Monad Labs is raising up to $22,582,874.00 in new funding. Sources indicate that as part of senior management President, Keone Hon played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Monad Labs
Monad Labs is accelerating the Ethereum Virtual Machine so that decentralized apps can eat the world. The EVM is the ubiquitous standard of web3; over 96% of all capital in DeFi is in EVM apps. In spite of this, EVM-compatible blockchains have extremely low throughput: Ethereum supports roughly 10 transactions per second, and no EVM rollup is over 50 tps. We are solving this problem with Monad, the performant Layer-1 blockchain that introduces parallel execution and superscalar pipelining to the EVM. Deep optimization is needed across all levels of the stack – from the database layer, to the virtual machine layer, to the consensus and networking layer – in order to streamline EVM transaction processing. Monad introduces these low-level optimizations, allowing consumer-grade hardware to deliver exceptional performance while maintaining a high degree of decentralization. We recently raised $225M in series A funding to scale our team in bringing the Monad blockchain to production.

To learn more about Monad Labs, visit http://www.monadlabs.xyz/

Contact:
Keone Hon, President
808-756-2484
https://www.linkedin.com/in/keone-hon/

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