Monad Secures $225 Million in Funding on April 9, 2024, Valuation Reaches $3 Billion

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According to media reports, high-performance Layer 1 blockchain project Monad completed a $225 million funding round on April 9, 2024. Investors in this round include prominent institutions such as Paradigm, Coinbase Ventures, Wintermute, Electric Capital, Castle Island, eGirl Capital, Amber Group, Archetype, Bankless Ventures, and CMS Holdings. Following this round, Monad's valuation has reached $3 billion.Monad is a high-performance Layer 1 blockchain designed for next-generation decentralized applications. The project aims to accelerate the development of decentralization by building a blockchain that is 100 to 1,000 times faster than existing competitors. This innovative approach is expected to effectively alleviate the severe bottleneck issues faced by current blockchains, enabling more complex applications and promoting broader adoption of blockchain technology.Since the funding round, Monad has made significant progress. The project launched its testnet in February 2025 and subsequently advanced its commercialization efforts. In October this year, Monad officially initiated an airdrop and successfully entered the futures trading markets of major exchanges, attracting substantial user participation. Meanwhile, MonadExplorer now supports staking functionality, providing additional earning opportunities for ecosystem participants. These initiatives demonstrate Monad's progress in building efficient blockchain infrastructure and are expected to deliver enhanced transaction experiences and application capacity for the entire Web3 ecosystem.

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MONAD Fundraising History
RoundAmountValuationTimeInvestor(s)
--$225 M$3 B2024-04-08Paradigm,Coinbase Ventures,Wintermute,Electric Capital,Castle Island,eGirl Capital,Amber Group,Archetype,Bankless Ventures,CMS Holdings
Key Milestones
  • 2025-10-17
    Monad Co-Founder: MonadExplorer Now Supports Staking
  • 2025-10-14
    Monad: Airdrop Claim Portal Now Live
  • 2025-10-14
    Monad will airdrop on October 14.
  • 2025-10-10
    OKX to List Pre-Market Trading for MON (Monad) and MET (Meteora)
  • 2025-10-10
    Binance Futures to Launch Pre-Market Trading of MONUSDT Perpetual Contracts
  • 2025-08-20
    Monad is issuing Monad Cards to approximately 5,000 active crypto Twitter users.
  • 2025-02-19
    Monad is live on testnet
  • 2024-05-21
    Monad completed a new funding round
  • 2024-04-09
    Monad raised $ 225 M in funding round
  • 2023-02-14
    Monad raised $ 19 M in Seed round
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