Monad, a project aiming to develop a faster version of the Ethereum blockchain, has successfully raised $225 million in what is being hailed as this year's biggest funding round. The funding will support the development of Monad's high-speed Ethereum Virtual Machine (EVM) compatible blockchain, which has garnered significant attention from investors and the crypto community. Among its backers are Paradigm, known for supporting prominent projects like Blur and Blast, and Shoe on Ventures, marking its largest deal via @echodotxyz. The project, which has hired @notthreadguy as a brand ambassador, aims to scale EVM without relying on Layer 2 solutions and is supported by a huge group of whales. Notably, Monad has attracted a wide range of support, including high-profile endorsements and investments from figures within the cryptocurrency sector, highlighting its potential to significantly impact the future of decentralized technology. Additionally, the development promises HFT-speed level EVM chains and the possibility of DeFi primitives like onchain central limit order books (CLOBs), further emphasizing its innovative approach.