Monad Labs, which is building a Layer 1 blockchain to rival Ethereum and Solana, raised $225M led by Paradigm and plans to launch its mainnet by the end of 2024 (Leo Schwartz/Fortune)

Leo Schwartz / Fortune:

Monad Labs, which is building a Layer 1 blockchain to rival Ethereum and Solana, raised $225M led by Paradigm and plans to launch its mainnet by the end of 2024  —  With crypto markets roaring back, different blockchains are jockeying to become the solution that hoovers up demand in the next wave …