Breaking development in the Layer-1 space: Monad is reportedly pursuing an additional $187.5 million funding round, which would value the project at $2.5 billion. What's particularly noteworthy here is the structure—they're planning to execute this through an initial coin offering on a major compliant platform. If this deal goes through successfully, it would mark one of the more significant capital raises in recent months for blockchain infrastructure projects. The valuation jump alone speaks volumes about investor confidence in alternative L1 solutions, especially those promising performance improvements over existing networks.