Binance Labs, the venture capital and investment arm of Binance, has invested an undisclosed amount in aPriori, a liquid staking solution based on Miner Extractable Value (MEV) that is built specifically for Monad, an Ethereum-compatible Layer 1 (L1) smart contract platform.
aPriori’s strategic initiative aims to decentralize the Monad network while significantly improving user interaction by reducing gas costs, optimizing network traffic, and providing sustainable rewards to network validators. Monad stands out in the blockchain space for its unique approach to fast transaction finality and delayed execution, which not only improves performance but also presents new challenges and opportunities for developers.
aPriori’s core innovation revolves around a completely new architectural framework for MEV and Liquid Staking Tokens (LST). This framework is designed to leverage Monad’s high-throughput capabilities and promises to set a new benchmark in the performance of parallel EVM (Ethereum Virtual Machine) networks.
With this latest funding round, aPriori will accelerate its growth trajectory by expanding its team, accelerating R&D, strengthening security measures, and further improving its blockchain solutions to meet the needs of a global user base with anticipated mass adoption.
“Binance Labs is proud to support aPriori’s vision to pioneer a MEV-based liquid staking solution. We are always looking for early-stage projects with potential, and this investment demonstrates our commitment to supporting pioneering projects that are driving the next wave of blockchain innovation. We look forward to watching aPriori redefine the landscape,” said Yi He, Binance Co-Founder and Head of Binance Labs.
Ray, CEO of aPriori, echoes this passion: “At aPriori, we are developing a MEV-based liquid staking platform on Monad. With the support of Binance Labs, we are excited to innovate and launch a new product that is uniquely designed for high-throughput parallel EVM networks.”
This investment is part of Binance Labs’ broader strategy to foster innovation in the blockchain space, particularly through its incubation program. aPriori was a prominent participant in Season 6 of this program, which supports early-stage Web3 project founders.