Monad Labs raised $225 million led by Paradigm to develop a faster Ethereum blockchain, enhancing DeFi applications. The testnet can handle 10,000 TPS, a significant increase from Ethereum's less than 20 TPS.
Monad optimized its blockchain code with parallel execution to boost performance, aiming to provide a faster DeFi environment amidst competition from Solana, Cardano, and layer-2 solutions.
#monad-labs #ethereum-blockchain #defi-applications #funding-round #optimizing-blockchain-performance
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