HTX VENTURES has announced a strategic investment in MONAD LABS to drive innovation in the WEB3 ecosystem. In this funding round, MONAD LABS raised $225 million, with a valuation of $3 billion. The investment was led by PARADIGM, with participation from HTX VENTURES, ELECTRIC CAPITAL, CASTLE ISLAND VENTURES, and other investment institutions. Founded by the former team of JUMP TRADING, MONAD LABS aims to build a scalable smart contract distributed ledger, challenging competitors like SOLANA and SUI. The MONAD blockchain plans to launch a testnet in the coming months and deploy the mainnet later this year.

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<p>Shenzhen TechFlow News, April 9th, HTX Ventures announced a strategic investment in Monad Labs. The collaboration between the two parties will drive innovation in the Web3 ecosystem. It is reported that Monad Labs raised $225 million in this round of financing, with a valuation of $3 billion. The investment was led by Paradigm, with participation from HTX Ventures, Electric Capital, Castle Island Ventures, and other investment institutions.</p>
<p>Monad Labs is a technology startup created by the former team of Jump Trading, a traditional financial giant, to build a scalable smart contract distributed ledger. Monad Labs is committed to building a Layer 1 blockchain to challenge competitors such as Solana and Sui. The Monad blockchain will launch a testnet in the coming months and plans to deploy the mainnet later this year.</p>
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HTX Ventures invests in Monad Labs, driving innovation in the Web3 ecosystem.