Kuru Labs’ $11.6m round sets stage for the ultimate DEX experiment

Key Points

1. Kuru Labs raised $11.6 million in a Series A funding round led by Paradigm to expand its engineering team and deploy its hybrid orderbook model on Monad's upcoming mainnet.

2. The platform aims to combine a central limit orderbook (CLOB) with passive liquidity provision, offering better price precision and deeper liquidity compared to traditional AMMs.

3. Kuru's fully on-chain CLOB model is ambitious, as it relies on Monad's technical promises of 10,000 transactions per second and one-second block finality to compete with centralized exchanges.

4. Existing EVM chains like Ethereum face latency and gas cost issues, making frequent quote updates by market makers impractical, whereas Monad's infrastructure could overcome these bottlenecks.

5. Notable angel investors, including Viktor Bunin, Zagabond, and former FTX product lead Tristan Yver, participated in the funding round, signaling strong industry confidence in Kuru's approach.