Monad Labs Looks to Secure $200 Million in Funding Led by Paradigm

Monad Labs, a blockchain startup aiming to build a faster competitor to Ethereum, is reportedly in talks to raise over $200 million in funding.

• Paradigm, a leading venture capital firm in the crypto space, is expected to lead the funding round with a $150 million pledge. This would value Monad Labs at $3 billion.
• Paradigm has reportedly been gauging interest from other investors since late 2023 to potentially top off their contribution.
• The targeted raise is poised to be the largest in the blockchain industry in recent months, surpassing the previous record of $110 million secured by Blockchain.com last fall.