Monad Labs
Monad Labs is a L1/L2 Blockchains company founded in 2022 and based in New York, United States. It has raised $248M in total funding, most recently a Series A in 2024 at a $3B valuation.
Monad Labs was founded in 2022 in New York by Keone Hon, James Hunsaker, and Eunice Giarta, several of whom came from high-frequency trading firm Jump Trading. The company builds Monad, a Layer 1 blockchain that keeps full EVM bytecode compatibility while re-engineering the execution layer for speed — using optimistic parallel execution, a custom state database (MonadDB), pipelined consensus (MonadBFT), and asynchronous execution to target high throughput. In April 2024 Monad Labs raised a $225 million round led by Paradigm (with Electric Capital and Greenoaks). Ahead of its November 24, 2025 mainnet launch, Monad ran a public MON token sale on Coinbase that drew $269 million in committed funds from roughly 85,820 participants; MON has since traded below its $0.025 sale price for most of 2026, touching an all-time low around $0.016 in February.
Monad is the highest-profile attempt to make the Ethereum Virtual Machine itself fast through parallel execution, offering Solidity developers Solana-class throughput without leaving the EVM.
monad.xyz ↗·L1/L2 Blockchains·
United States·private 
