If you're diving into the world of blockchain and looking for the next big thing, Monad is definitely a name that's been buzzing lately. As a high-performance layer-1 blockchain, Monad aims to solve some of the scalability issues that have plagued networks like Ethereum, offering faster transactions and lower fees. And with its mainnet now in the audit phase, things are heating up. Recently, a insightful post on X (formerly Twitter) from user @huahua3843 compiled a handy overview of funded projects within the Monad ecosystem. Let's break it down and see what these projects are all about.
The post features a detailed table summarizing 15 projects that have secured funding, complete with their logos, funding amounts, key investors, categories, unique features, and even their Twitter follower counts. It's a great snapshot for anyone tracking where the money is flowing in this emerging ecosystem. Here's the image from the post for a quick visual:
According to the compilation, the mainnet's audit stage means these projects deserve extra attention. Some standout highlights include:
Highest TVL (Total Value Locked): @apr_labs, which is building a MEV (Miner Extractable Value) + liquid staking protocol on Monad. TVL is basically the amount of assets locked in a protocol, showing its popularity and usage.
Highest Funding: @KuruExchange, a DEX (Decentralized Exchange) that raised $13.6M from heavy hitters like Paradigm and Electric Capital. DEXes allow users to trade crypto without intermediaries, and Kuru focuses on high-throughput single-sided liquidity.
Most Twitter Followers: @Kintsu_xyz, a DeFi project specializing in sMON (staked Monad) with $4.3M in funding.
Hottest Project: @opinionlabsxyz, a prediction market platform that's garnered a lot of buzz with $5M raised.
The table covers a mix of categories, mostly DeFi (Decentralized Finance, which includes lending, borrowing, and trading without banks) and DEX, but also touches on things like yield platforms and depin (decentralized physical infrastructure networks). Funding ranges from $1.1M to $13.6M, with investors including big names like Binance Labs, Coinbase Ventures, and Animoca Brands.
For those wanting to dig deeper, the follow-up reply in the thread provides official links for each project. Here's a quick list with their X handles, websites, and Discord servers where available:
Kuru: X @KuruExchange, Website kuru.io, Discord discord.com/invite/ER8mYvV2dJ
aPriori: X @apr_labs, Website apr.io, Discord discord.com/invite/apriori
Perpl: X @perpltrade, Website t.co/oo0xZapHYR, Discord t.co/wspyPBW2tT
FastLane Labs: X @0xFastLane, Website t.co/9sBOyTvpha, Discord (to be confirmed)
Ambient: X @ambient_finance, Website t.co/84BiTSQBpR, Discord t.co/1CKJsvvIC5
Opinion: X @opinionlabsxyz, Website t.co/MGIJcf8GfG, Discord t.co/xjPrZVy1YH
Kintsu: X @Kintsu_xyz, Website t.co/I473IBIaRo, Discord t.co/EpKAsBtwyx
Magma: X @MagmaStaking, Website t.co/mZXceRYupw, Discord t.co/9uFp24jm1c
Curvance: X @Curvance, Website t.co/2ns3gNDs4e, Discord t.co/OiqfpXFudU
Ammalgam: X @ammalgam, Website t.co/jYO3yiMUzF, Discord t.co/cGynKhZtWZ
Accountable: X @AccountableData, Website t.co/5iSnHgxhl5, Discord (to be confirmed)
FortyTwo: X @fortytwonetwork, Website t.co/dWwrdLkWnj, Discord t.co/8H1WRaDEtb
BIMA: X @BimaBTC, Website t.co/uiLy776mLV, Discord t.co/zMNh5lObWr
Multisynq: X @multisynq, Website t.co/LxKeK9GHYa, Discord t.co/80vcfbmjTP
Narwhal Finance: X @Narwhal_Finance, Website t.co/MP0dNMo59j, Discord t.co/lDqQtVz5h8
Kinza: X @kinzafinance, Website t.co/ieAhZQNwK7, Discord t.co/oPzwFk08yl
This roundup is a goldmine for blockchain enthusiasts and investors eyeing Monad's growth. With the mainnet launch on the horizon, these projects could see significant traction. If you're into DeFi or just curious about where crypto innovation is headed, keeping tabs on Monad and its ecosystem is a smart move. What do you think—any of these projects catch your eye? Dive into their Discords or websites for more details!