MONAD LABS IN TALKS TO RAISE MORE THAN $200 MILLION ROUND LED BY PARADIGM, VALUING THE JUMP CRYPTO–LINKED STARTUP AT $3 BILLION

Summary from the TLDR Crypto newsletter

Crypto venture firm Paradigm is leading a funding round for Monad Labs, a startup aiming to build an ‘Ethereum killer’. The deal, valuing Monad at $3 billion, includes over $200 million in funding, following the company’s $19 million seed round in February. If successful, it will be 2024's largest crypto fundraise to date. This not only shows that investors are interested in what Monad is building but also that VCs are starting to have an appetite for larger deals.