According to official sources, MEV infrastructure FastLane Labs announced the completion of a $6 million financing round, led by Figment Capital and DBA, with participation from Coinbase Ventures, Robot Ventures, Hashkey Capital, CHORUS ONE, and others. The new funds will be used to create a fully liquid collateral on Monad.
It is reported that FastLane Labs is committed to building a long-term MEV ecosystem on Monad, allowing users, dApps, and stakers to benefit from it. In May 2023, FastLane Labs raised $2.3 million in funding, led by Multicoin Capital.