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Monad Labs, which is building a Layer 1 blockchain to rival Ethereum and Solana, raised $225M led by Paradigm and plans to launch its mainnet by the end of 2024 (Leo Schwartz/Fortune)
https://fortune.com/crypto/2024/04/09/monad-parad…

Paradigm leads $225 million round for Monad Labs, which is building a layer-1 blockchain to take on Ethereum and Solana
The crypto firm founded by ex-Jump Crypto traders also received investment from Electric Capital and Neil Mehta's Greenoaks Capital.