HTX Ventures Invests in Monad Labs to Support Parallel EVM Ecosystem
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HTX Ventures Invests in Monad Labs to Support Parallel EVM Ecosystem
This move demonstrates HTX Ventures' commitment to fostering cutting-edge Web3 solutions and supporting projects in addressing key industry challenges.
Navigating Web3 tides with focused insights
To advance innovation and progress within the blockchain ecosystem, HTX Ventures has made a strategic investment in Monad Labs, the leading team developing the high-performance Monad blockchain. This move underscores HTX Ventures’ commitment to nurturing cutting-edge Web3 solutions and supporting projects that tackle key industry challenges.
As a cutting-edge Layer-1 blockchain platform, Monad is distinguished by its innovative re-architecture of the Ethereum Virtual Machine (EVM). It aims to solve Ethereum’s throughput limitations, enabling decentralized applications (DApps) to scale for mass adoption. The platform plans to combine Ethereum’s flexibility with Solana-like performance, achieving over 10,000 transactions per second, one-second block times, and instant finality, while maintaining full compatibility with the EVM and core Ethereum infrastructure.
Founded by former members of Jump Trading, the technology innovator Monad Labs recently closed a $225 million Series A funding round at a $3 billion valuation, aiming to build a scalable smart contract distributed ledger.
A spokesperson from HTX Ventures said: “Monad is driving transformative change in the industry with an exceptional team and deep understanding of market mechanics and connectivity. Their go-to-market strategy mirrors that of Solana, reflecting their sophisticated insight into blockchain innovation. Our investment highlights our commitment to supporting capable teams like Monad Labs who are driving significant advancements in the Web3 ecosystem.”
Keone Hon, Co-Founder and CEO of Monad Labs, said: “We’re thrilled to partner with HTX Ventures. Their proven track record in supporting the growth of decentralized technologies and building strong relationships in this space makes them an ideal partner for our team. We’re confident that through collaboration, we’ll gain valuable insights.”
The Monad blockchain is expected to launch its testnet in the coming months, with mainnet deployment planned for later this year. The blockchain will use a proof-of-stake consensus mechanism and be fully compatible with the Ethereum Virtual Machine (EVM). As a result, projects on Monad will be able to interact seamlessly with EVM-based software platforms, enabling developers across multiple blockchains to build interoperable decentralized applications on the Ethereum network.
About Monad Labs:
Monad Labs is an early-stage, venture-backed tech startup founded in 2022. Two of its co-founders previously worked together for seven years at Jump Trading, where they developed low-latency high-frequency trading systems and contributed R&D efforts to Jump Crypto in 2021. This experience became the foundation of Monad—combining expertise from high-frequency trading with new ideas to build the highest-performing and most robust smart contract blockchain. Leveraging deep expertise in low-latency programming, compiler optimization, systems engineering, cryptography, and graph theory, Monad significantly enhances the performance and scalability of decentralized computing.
About HTX Ventures:
HTX Ventures is the global investment arm of Huobi HTX, integrating investment, incubation, and research to identify the world’s most outstanding and promising teams. As an industry pioneer with a decade-long深耕 in blockchain, HTX Ventures drives the development of cutting-edge technologies and emerging business models, offering comprehensive support—including funding, resources, and strategic advisory—to portfolio projects to help build a sustainable blockchain ecosystem. To date, HTX Ventures has backed more than 200 projects across multiple blockchain sectors, with select high-potential projects already listed on Huobi HTX. Additionally, HTX Ventures is one of the most active fund-of-funds (FoF) investors, partnering with top-tier global blockchain funds such as Dragonfly, Bankless Ventures, Figment, Animoca, Shima, and IVC to jointly grow the blockchain ecosystem.
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