On May 22nd, OKX Ventures announced its strategic investment in Monad. Monad is a blockchain layer that optimizes the architecture of the Ethereum Virtual Machine (EVM) through “parallel EVM” + “parallel access to state database” + “high-performance HotStuff consensus”, achieving a throughput of over 10,000 tps, 1-second block time, and single-slot finality, while maintaining backward compatibility with EVM smart contracts and Ethereum infrastructure such as MetaMask or Etherscan.
Dora Yue, founder of OKX Ventures, stated: “Monad’s innovation and technical strength will provide a solid foundation for driving Web3 innovation. We look forward to making positive contributions to the future development of decentralized computing through our collaboration with Monad. OKX Ventures’ investment will provide necessary resources and support to accelerate the platform’s development, expand its influence in the blockchain community, and provide more efficient and scalable decentralized applications for developers and users worldwide.”
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