Monad, a new layer-1 smart contract platform, has raised $225 million from venture capital firm Paradigm.

Monad, which has not yet been launched, is planning a public testnet launch in late 2024 and a mainnet launch in early 2025.

Monad aims to increase transaction efficiency and reduce costs by processing Ethereum Virtual Machine (EVM) instructions in parallel.

MonadBFT offers four optimizations such as deferred execution, parallel execution and MonadDB.

MonadBFT is a two-stage Byzantine fault-tolerant algorithm optimized for partially synchronous conditions.

Monad aims to increase scalability and efficiency with its innovative techniques.