Dragonfly-backed Monad is solving the 'most obvious' setback for the DeFi market, says founder

Quick Take

  • Monad Labs CEO Keone Hon discusses optimizing the EVM for high-performance trading.

Episode 84 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Monad Labs CEO Keone Hon.

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Keone Hon is the founder and CEO of Monad Labs — the development team behind a new Layer-1 blockchain that aims to bring pipelined execution to the Ethereum Virtual Machine.

In this episode, Keone shares how his background at various HFT firms led him to identify problems with existing blockchain infrastructure and ultimately inspired him to rebuild the EVM entirely to optimize it for high-performance trading activity.

Monad has raised $19 million from investors including Dragonfly Capital, Naval Ravikant, Cobie, Hasu and others.

OUTLINE:
03:33 - Monad Overview
05:17 - Another Layer-1?
06:26 - ‘Pipelining’
08:32 - Web3 Social
11:38 - Bridges to Monad
12:11 - High Performance DeFi
13:34 - DeFi Summer 2.0?
16:01 - Monad’s Funding
16:49 - Onchain HFT