Monad Labs raises $19M to grow its smart contract platform and improve the Ethereum space

Monad Labs, the team supporting the Monad blockchain, has raised $19 million in seed funding led by Dragonfly Capital, it exclusively told TechCrunch.
“Monad is an effort to fundamentally optimize smart contract platforms,” Keone Hon, co-founder and CEO of Monad Labs, said to TechCrunch. “We’re ultimately building a platform to optimize both consensus and execution […] which ultimately results in a system that can process a billion transactions per day and 10,000 transactions per second.”
The Ethereum Virtual Machine (EVM)-compatible layer-1 smart contract platform was co-founded by Hon, Euni

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