Decentralized exchange Kuru Labs Completes $11.50 million Series A Funding Round, Led by Paradigm

On July 7, according to The Block, Kuru Labs announced the completion of an $11.50 million Series A funding round led by Paradigm, dedicated to building a new decentralized exchange on the Monad blockchain that integrates automated market maker (AMM) and centralized order book (CLOB) architectures. Kuru adopts a default AMM strategy, providing basic liquidity for each order book, aiming to enhance on-chain trading flexibility and depth. The project previously completed a $2.20 million seed round. Investors also include several angel investors such as 0xDesigner and Zagabond. [Shenchao TechFlow]