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Author: Yogita Khatri Source: TheBlock Translation: Shan Ouba, Bitchain Vision
Among them, the performance of the Monad liquidation platform Apriori is particularly prominent. Its $ 8 million seed funds make the token valuation of at least $ 100 million. I reported exclusive reports at the time.Before the Monad blockchain was launched, the valuation of the nine -digit number was quite surprising.In the other two projects, the Monad liquidity pledge protocol KINTSU and Monad -based chain -based order book exchange Kuru raised $ 4 million and $ 2 million, respectively.
These three projects have attracted well -known investors.The cryptocurrency department of the hedge fund giant Brevan Howard Digital supports KINTSU and KURU, although the fund has relatively few investment activities in the cryptocurrency field.On the other hand, CMS Holdings has invested in all three projects of Monad.Other well -known investors in these projects include Pantera Capital, Electric Capital, and Castle Island Ventures.
Followed, Monad Labs, a developer of Monad blockchain, raised $ 225 million in Series A financing in April, led by heavyweight companies Paradigm, and reportedly valued at $ 3 billion.
So, what is the interest of risk investment in Monad and its ecosystem?I interviewed six investors, and they were very optimistic about Monad’s prospects, especially their potential for compatibility with Ethereum virtual machine (EVM) compatibility per second.”The particularly interesting thing about Monad is that when it draws important inspiration from APTOS and SUI, when designing its parallel execution environment, it still maintains compatibility with EVM.” Aric Chang, an ordinary partner and an investor of Apriori, the general partner of Manifold Ventures, told me thatEssence
The parallel execution allows Monad to handle multiple transactions at the same time, which increases throughput compared with the traditional order method.On the other hand, EVM compatibility allows developers to use their existing Ethereum to develop projects on Monad without any changes.Lauren Stephanian, an ordinary partner of Pantera Capital, quoted Electric Capital’s latest encrypted developer reports that Ethereum and EVM developer communities are the largest communities in the encryption field.Pantera Capital is the leader of Apriori’s seedling financing.”Because Monad has differentiated high throughput, it enables the EVM developer community to build items that can only exist in Solana, such as Gaomin Zhen DEFI, DEPIN, Payment, etc.,” Stephanian said.”Optimistic view of Monad is that as more developers innovate in these vertical fields, they will create better products.”
Breed VC founder and ordinary partner, KINTSU and Kuru investor Jed Breed told me that Monad’s parallel execution and potential throughput of 10,000 transactions per second can unlock many chain activities that could not be achieved before.
These investors thinkMonad will promote the popularization of cryptocurrencies in the next 2-3 years.CASTLE Island Ventures founder, Monad Labs and KINTSU investors Matthew Walsh believeMonad is a solid foundation for stablecoins. It is called a “killer application” and will continue to grow in index level in the next few years.
Manifold’s Chang said: “Monad’s growth trajectory may surpass Solana, attract DEFI and consumer applications such as diversified ecosystems.” Dan Matuszewski, co -founder and head of CMS Holdings, pointed out that although Monad may eventually reach EthereumThe level of adoption of Solana, but this will take “several years”.
Wormhole Foundation co -founder, Monad Labs, KINTSU and Apriori early investor Robinson Burkey shared his views on Monad’s competitive advantage. He said that compared with other EVM blockchain, the “Monad commitment provides an extremely fast and reliable blockchain(Supply), and based on the establishment of such a strong momentum to date, it seems that the construction of the builders and users (needs) can be guaranteed. “
Six investors interviewed in this issue have expressed their willingness to invest more of Monad -based projects.”We have used most funds for Monad,” Breed said.
Matuszewski of CMS Holdings mentioned that in the past few months, more and more Monad projects have raised funds.”From now on to autumn, they may start publicly listed,” Matuszewski said, suggesting that another wave of Monad -based projects will appear before the blockchain main online (planned later this year).
Keone Hon, co -founder and CEO of Monad Labs, acknowledged that the Monad ecosystem was still in the early stage and saw huge growth opportunities.”The number of encrypted wallets using decentralized applications is still very small,” Hon told me.”Most encrypted enthusiasts only use the centralized exchange to transaction encryption. The demand is huge and the opportunity is great.”
Opportunities and risks and challenges coexist.
Monad’s biggest risk
Manifold Ventures’ Chang emphasizes two biggest risks facing Monad: it may not be able to fulfill its technical commitments and challenges to attract various applications after launch.”All the Monad native projects I have contacted were built on Monad because they really need to run in a highly scalable environment. If Monad cannot reach its predicted scalability level, its value proposition will be transformed into bubbles.”Chang said.However, when seeing the huge ecosystem and community that Monad has established, “Let me be confident in its long -term success”, Chang added.
CMS Holdings’s Matuszewski agreed with Chang’s point of view. He pointed out that Monad must overcome major technical obstacles.”It’s a bit like a black box now. You don’t know how it will develop,” Matuszewski said.But he also pointed out that Monad’s early use and community construction efforts to show that it may be “a very powerful ecosystem from the beginning.”
Breed VC’s Breed pointed out that Monad’s platform is still in the early stages, so this technology has not been verified, which makes it one of the biggest risks.
Wormhole Foundation’s Burkey also agrees with the importance of Monad to fulfill its commitment and is confident in the project team.”The momentum is strong, and the responsibility follows, and the promise must be fulfilled in time,” Burkey said.”However, there is no reason to believe that they will not fulfill their promises.”
Pantera Capital’s Stephanian said Monad’s biggest risk is to attract developers from other EVM chains.Stephanian said that although Monad has potential high throughput, it must persuade those who are currently working on the second and third layers of Ethereum to change.
