Monad Labs Raises $225M to Build Faster Ethereum-Compatible Blockchain for DeFi

• Monad Labs raised $225M in funding led by Paradigm to develop faster Ethereum blockchain compatible with DeFi • New blockchain promises over 10,000 transactions per second compared to Ethereum's less than 20 • Funding will help bring test network into production and add staff • Other investors include Electric Capital, Castle Island, Animoca Ventures, Coinbase Ventures, CoinFund • Monad optimized performance through parallel execution and other techniques to greatly improve throughput over Ethereum