Monad raised approximately $244 million in a funding round led by Paradigm and others, with a post-investment valuation of about $3 billion.

Monad, a high-performance Layer 1 blockchain, has raised approximately $244 million. The funding was led by investors including Paradigm, Dragonfly, Coinbase Ventures, and Animoca Brands. This investment has resulted in a post-investment valuation of around $3 billion. Monad aims to enhance public chains using efficient transaction processing.