Kuru Raises $2 Million to Develop Monad-Based DEX

IconCryptoNewsTerminal Staff25 Jul, 2024

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Kuru Raises $2 Million to Develop Monad-Based DEX

Kuru, a decentralized exchange (DEX) built on the Monad blockchain, has raised $2 million in seed funding to further its development. The round was led by Electric Capital, with participation from Brevan Howard Digital, CMS Holdings, Pivot Global, Breed, and Velocity Capital. Kuru is an on-chain order book exchange that uses Monad's EVM-compatible blockchain. This allows Kuru to offer a number of advantages over other DEXs, including faster speeds, lower fees, and increased security.