aPriori Gains Support from Binance Labs for MEV-Focused Staking

Last Updated on July 31, 2024

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Key Takeaways:

  • Binance Labs invested in aPriori, a liquid staking protocol on the Monad network focused on miner extractable value (MEV).
  • aPriori closed an $8 million seed round led by Pantera Capital, valuing the startup at over $100 million.
  • Monad Labs secured $225 million in funding, valuing it at $3 billion, as part of a trend where layer-1 networks raised nearly $400 million in Q2 2024.

Binance Labs has invested in aPriori, a liquid staking protocol on the Monad network, focused on miner extractable value (MEV).

Announced on July 30, this investment is part of a broader wave in Monad’s DeFi ecosystem.

aPriori aims to create sustainable incentives for validators through innovative mechanisms for liquid staking tokens and MEV.

Monad is an Ethereum Virtual Machine-compatible layer-1 designed for high-throughput applications.

CEO Ray highlighted aPriori’s goal to introduce novel products for high-throughput, parallel EVM networks.

aPriori recently closed an $8 million seed round led by Pantera Capital, valuing the startup at over $100 million.

Monad Labs also secured $225 million in funding, valuing it at $3 billion.

According to Galaxy Research, layer-1 networks raised nearly $400 million in Q2 2024, with early-stage startups receiving about 80% of the funding.

aPriori was incubated in Binance Labs’ Season 6 program.

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