TechFlow, July 7 — According to The Block, Kuru Labs announced an $11.5 million Series A funding round led by Paradigm, aiming to build a new decentralized exchange on the Monad blockchain that combines automated market maker (AMM) and central limit order book (CLOB) architectures. Kuru employs a default AMM strategy to provide baseline liquidity for each order book, seeking to enhance on-chain trading flexibility and depth. The project previously raised $2.2 million in seed funding. Other investors include angel investors such as 0xDesigner and Zagabond.
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